SciQuest
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), SciQuest missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share was unchanged.
Margins dropped across the board.
Revenue details
SciQuest reported revenue of $17.2 million. The eight analysts polled by S&P Capital IQ expected to see a top line of $17.6 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $13.8 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 $0.06. The seven earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. GAAP EPS of $0.03 were the same as 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 68.9%, 530 basis points worse than the prior-year quarter. Operating margin was -0.8%, 1,170 basis points worse than the prior-year quarter. Net margin was 4.2%, 130 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $20.2 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $67.4 million. The average EPS estimate is $0.23.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 17 members out of 21 rating the stock outperform, and four members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give SciQuest 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 SciQuest is outperform, with an average price target of $19.86.
Internet software and services are being consumed in radically different ways, on new and increasingly mobile devices. Is SciQuest on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add SciQuest to My Watchlist.