The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FLIR Systems missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew.
Gross margins dropped, operating margins contracted, net margins expanded.
FLIR Systems booked revenue of $386.4 million. The 11 analysts polled by S&P Capital IQ expected a top line of $395.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.52. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.50 per share. GAAP EPS of $0.51 for Q4 were 6.3% higher than the prior-year quarter's $0.48 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 53.1%, 240 basis points worse than the prior-year quarter. Operating margin was 25.9%, 30 basis points worse than the prior-year quarter. Net margin was 20.0%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $352.7 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $1.48 billion. The average EPS estimate is $1.55.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 778 members out of 804 rating the stock outperform, and 26 members rating it underperform. Among 160 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 157 give FLIR Systems 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 FLIR Systems is hold, with an average price target of $23.00.
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