The 10-second takeaway
For the quarter ended Dec. 31 (Q4), GenMark Diagnostics crushed expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP loss per share contracted.
Margins expanded across the board.
GenMark Diagnostics reported revenue of $9.4 million. The five analysts polled by S&P Capital IQ foresaw sales of $7.1 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $2.0 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 -$0.15. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.21 per share. GAAP EPS were -$0.15 for Q4 compared to -$0.27 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 49.6%, much better than the prior-year quarter. Operating margin was -48.7%, much better than the prior-year quarter. Net margin was -49.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $10.3 million. On the bottom line, the average EPS estimate is -$0.15.
Next year's average estimate for revenue is $35.4 million. The average EPS estimate is -$0.76.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with nine members out of 12 rating the stock outperform, and three members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give GenMark Diagnostics 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 GenMark Diagnostics is outperform, with an average price target of $11.13.
Is GenMark Diagnostics the best health care stock for you? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average health care logistics company. Click here for instant access to this free report.
- Add GenMark Diagnostics to My Watchlist.