The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Synutra International beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share shrank to a loss.
Gross margins grew, operating margins shrank, net margins dropped.
Synutra International notched revenue of $73.2 million. The two analysts polled by S&P Capital IQ foresaw a top line of $67.5 million on the same basis. GAAP reported sales were 36% lower than the prior-year quarter's $114.4 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 -$0.23. The two earnings estimates compiled by S&P Capital IQ predicted -$0.13 per share. GAAP EPS were -$0.23 for Q3 versus $0.18 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 43.0%, 170 basis points better than the prior-year quarter. Operating margin was 0.5%, 1,820 basis points worse than the prior-year quarter. Net margin was -18.1%, 2,710 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $82.9 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $270.1 million. The average EPS estimate is -$1.05.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 77 members out of 154 rating the stock outperform, and 77 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Synutra International a green thumbs-up, and 33 give it a red thumbs-down.
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