The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Capstone Turbine missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share.
Gross margins increased, operating margins grew, net margins dropped.
Capstone Turbine reported revenue of $30.1 million. The seven analysts polled by S&P Capital IQ expected revenue of $32.0 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $27.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The six earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.02 for Q2 compared to $0.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.7%, 260 basis points better than the prior-year quarter. Operating margin was -20.7%, 540 basis points better than the prior-year quarter. Net margin was -20.5%, 2,510 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $35.1 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $134.8 million. The average EPS estimate is -$0.07.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 587 members out of 628 rating the stock outperform, and 41 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Capstone Turbine a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Capstone Turbine is outperform, with an average price target of $2.18.
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