ICON Public
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ICON Public beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Margins increased across the board.
Revenue details
ICON Public booked revenue of $300.2 million. The 11 analysts polled by S&P Capital IQ looked for net sales of $292.0 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $242.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.34. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.33 per share. Non-GAAP EPS of $0.34 for Q4 were 386% higher than the prior-year quarter's $0.07 per share. GAAP EPS of $0.35 for Q4 were 483% higher than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 36.0%, 120 basis points better than the prior-year quarter. Operating margin was 8.1%, 540 basis points better than the prior-year quarter. Net margin was 6.9%, 520 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $301.0 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $1.27 billion. The average EPS estimate is $1.53.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 344 members out of 354 rating the stock outperform, and 10 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give ICON Public 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 ICON Public is outperform, with an average price target of $28.69.
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