The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Capstone Turbine met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share contracted.
Margins grew across the board.
Capstone Turbine tallied revenue of $33.3 million. The five analysts polled by S&P Capital IQ hoped for revenue of $33.7 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $27.5 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 -$0.02. The five earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.01 for Q3 compared to -$0.03 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 13.9%, 540 basis points better than the prior-year quarter. Operating margin was -13.2%, 1,520 basis points better than the prior-year quarter. Net margin was -13.5%, 1,860 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $38.0 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $130.4 million. The average EPS estimate is -$0.08.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 579 members out of 618 rating the stock outperform, and 39 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Capstone Turbine a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Capstone Turbine is outperform, with an average price target of $2.01.
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