The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Concur Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share expanded.
Gross margins increased, operating margins dropped, net margins dropped.
Concur Technologies recorded revenue of $122.8 million. The 21 analysts polled by S&P Capital IQ hoped for sales of $121.6 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $100.4 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 $0.32. The 18 earnings estimates compiled by S&P Capital IQ anticipated $0.20 per share. GAAP EPS were -$0.22 for Q1 versus -$0.02 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 71.5%, 40 basis points better than the prior-year quarter. Operating margin was -4.4%, 660 basis points worse than the prior-year quarter. Net margin was -9.8%, 890 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $132.6 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $549.5 million. The average EPS estimate is $0.96.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 184 members out of 253 rating the stock outperform, and 69 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Concur Technologies a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Concur Technologies is hold, with an average price target of $67.63.
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