The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bruker beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share grew. GAAP earnings per share shrank significantly.
Gross margins increased, operating margins increased, net margins dropped.
Bruker reported revenue of $517.3 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $483.7 million on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $475.1 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 $0.28. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. Non-GAAP EPS of $0.28 for Q4 were 3.7% higher than the prior-year quarter's $0.27 per share. GAAP EPS of $0.08 for Q4 were 65% lower than the prior-year quarter's $0.23 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 46.8%, 320 basis points better than the prior-year quarter. Operating margin was 12.2%, 120 basis points better than the prior-year quarter. Net margin was 2.5%, 570 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $419.3 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.85 billion. The average EPS estimate is $0.89.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 250 members out of 267 rating the stock outperform, and 17 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Bruker a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bruker is outperform, with an average price target of $15.56.
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