GenMark Diagnostics
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), GenMark Diagnostics crushed expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Margins increased across the board.
Revenue details
GenMark Diagnostics logged revenue of $5.3 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $4.3 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $1.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.20. The three earnings estimates compiled by S&P Capital IQ averaged -$0.20 per share. GAAP EPS were -$0.20 for Q3 compared to -$0.31 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 42.4%, 7,800 basis points better than the prior-year quarter. Operating margin was -118.6%, 34,530 basis points better than the prior-year quarter. Net margin was -118.9%, 36,080 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $5.6 million. On the bottom line, the average EPS estimate is -$0.19.
Next year's average estimate for revenue is $15.6 million. The average EPS estimate is -$0.95.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 10 members out of 11 rating the stock outperform, and one members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give GenMark Diagnostics a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GenMark Diagnostics is buy, with an average price target of $9.17.
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