The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CIBER beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped. GAAP loss per share contracted.
Margins increased across the board.
CIBER tallied revenue of $225.3 million. The four analysts polled by S&P Capital IQ predicted net sales of $213.3 million on the same basis. GAAP reported sales were 5.7% lower than the prior-year quarter's $238.9 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 three earnings estimates compiled by S&P Capital IQ averaged $0.01 per share. Non-GAAP EPS of $0.02 for Q4 were 33% lower than the prior-year quarter's $0.03 per share. (The prior-year quarter included -$0.26 per share in earnings from discontinued operations.) GAAP EPS were -$0.09 for Q4 compared to -$0.23 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 26.1%, 20 basis points better than the prior-year quarter. Operating margin was 2.3%, 20 basis points better than the prior-year quarter. Net margin was -2.8%, 400 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $222.5 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $903.0 million. The average EPS estimate is $0.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 129 members out of 139 rating the stock outperform, and 10 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give CIBER 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 CIBER is outperform, with an average price target of $4.56.
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