The 10-second takeaway
For the quarter ended Dec. 28 (Q4), STAAR Surgical missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share shrank. GAAP earnings per share.
Margins contracted across the board.
STAAR Surgical chalked up revenue of $16.5 million. The five analysts polled by S&P Capital IQ predicted revenue of $17.6 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 $0.01. The three earnings estimates compiled by S&P Capital IQ forecast $0.03 per share. Non-GAAP EPS of $0.01 for Q4 were 67% lower than the prior-year quarter's $0.03 per share. GAAP EPS were -$0.04 for Q4 against $0.00 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 67.8%, 200 basis points worse than the prior-year quarter. Operating margin was -7.5%, much worse than the prior-year quarter. Net margin was -8.6%, 930 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $17.1 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $72.7 million. The average EPS estimate is $0.16.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 80 members out of 88 rating the stock outperform, and eight members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give STAAR Surgical a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STAAR Surgical is outperform, with an average price target of $9.00.
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