The 10-second takeaway
For the quarter ended March 31 (Q1), Vascular Solutions met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Gross margins dropped, operating margins contracted, net margins expanded.
Vascular Solutions booked revenue of $26.1 million. The six analysts polled by S&P Capital IQ expected a top line of $26.4 million on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $23.8 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 $0.16. The six earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. Non-GAAP EPS of $0.16 for Q1 were 14% higher than the prior-year quarter's $0.14 per share. GAAP EPS of $0.13 for Q1 were 8.3% higher than the prior-year quarter's $0.12 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 65.4%, 170 basis points worse than the prior-year quarter. Operating margin was 11.1%, 200 basis points worse than the prior-year quarter. Net margin was 8.2%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $27.4 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $108.8 million. The average EPS estimate is $0.67.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 97 members out of 108 rating the stock outperform, and 11 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Vascular Solutions 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 Vascular Solutions is outperform, with an average price target of $18.21.
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