The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Qiagen beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Gross margins grew, operating margins dropped, net margins expanded.
Qiagen booked revenue of $346.5 million. The 21 analysts polled by S&P Capital IQ anticipated revenue of $331.4 million on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $334.4 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 $0.34. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS of $0.16 for Q4 were much higher than the prior-year quarter's $0.00 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 67.1%, 230 basis points better than the prior-year quarter. Operating margin was 14.1%, 1,220 basis points worse than the prior-year quarter. Net margin was 11.1%, 1,120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $309.7 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $1.32 billion. The average EPS estimate is $1.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 110 members out of 121 rating the stock outperform, and 11 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Qiagen 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 Qiagen is hold, with an average price target of $18.41.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere