The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ICU Medical met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins grew, net margins dropped.
ICU Medical reported revenue of $82.7 million. The five analysts polled by S&P Capital IQ expected to see revenue of $82.7 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $76.5 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 $0.82. The three earnings estimates compiled by S&P Capital IQ predicted $0.79 per share. GAAP EPS of $0.82 for Q4 were 35% lower than the prior-year quarter's $1.26 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 50.5%, 440 basis points better than the prior-year quarter. Operating margin was 22.8%, 880 basis points better than the prior-year quarter. Net margin was 14.9%, 840 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $80.7 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $339.2 million. The average EPS estimate is $2.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 85 members out of 98 rating the stock outperform, and 13 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give ICU Medical a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICU Medical is outperform, with an average price target of $68.60.
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