The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Smart Technologies missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Smart Technologies tallied revenue of $138.9 million. The six analysts polled by S&P Capital IQ foresaw a top line of $152.3 million on the same basis. GAAP reported sales were 25% lower than the prior-year quarter's $185.2 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 $0.00. The seven earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS were -$0.42 for Q3 versus $0.09 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 42.3%, 80 basis points worse than the prior-year quarter. Operating margin was -1.3%, 990 basis points worse than the prior-year quarter. Net margin was -36.6%, 4,240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $136.1 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $631.9 million. The average EPS estimate is $0.29.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 59 members out of 69 rating the stock outperform, and 10 members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give Smart Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Smart Technologies is hold, with an average price target of $2.71.
Is Smart Technologies the best tech stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Smart Technologies to My Watchlist.