The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Geospace Technologies beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Geospace Technologies booked revenue of $77.8 million. The seven analysts polled by S&P Capital IQ predicted net sales of $66.1 million on the same basis. GAAP reported sales were 80% higher than the prior-year quarter's $43.3 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 $1.70. The six earnings estimates compiled by S&P Capital IQ predicted $1.18 per share. GAAP EPS of $1.70 for Q1 were 150% higher than the prior-year quarter's $0.68 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 52.2%, 450 basis points better than the prior-year quarter. Operating margin was 40.6%, 1,150 basis points better than the prior-year quarter. Net margin was 28.3%, 820 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $91.8 million. On the bottom line, the average EPS estimate is $1.76.
Next year's average estimate for revenue is $320.0 million. The average EPS estimate is $6.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,222 members out of 1,251 rating the stock outperform, and 29 members rating it underperform. Among 481 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 473 give Geospace Technologies a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Geospace Technologies is outperform, with an average price target of $94.83.
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