The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Meridian Bioscience beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Margins grew across the board.
Meridian Bioscience recorded revenue of $43.7 million. The eight analysts polled by S&P Capital IQ expected net sales of $43.2 million on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $41.3 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 $0.21. The nine earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.21 for Q4 were 31% higher than the prior-year quarter's $0.16 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.5%, 550 basis points better than the prior-year quarter. Operating margin was 27.6%, 250 basis points better than the prior-year quarter. Net margin was 19.6%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $44.4 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $188.0 million. The average EPS estimate is $0.88.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 467 members out of 479 rating the stock outperform, and 12 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give Meridian Bioscience a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Meridian Bioscience is outperform, with an average price target of $17.00.
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