The 10-second takeaway
For the quarter ended Feb. 28 (Q4), CalAmp 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 grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
CalAmp booked revenue of $48.4 million. The five analysts polled by S&P Capital IQ looked for sales of $46.5 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $37.6 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 five earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. Non-GAAP EPS of $0.16 for Q4 were 78% higher than the prior-year quarter's $0.09 per share. GAAP EPS of $1.06 for Q4 were much higher than the prior-year quarter's $0.05 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 31.1%, 290 basis points better than the prior-year quarter. Operating margin was 7.5%, 320 basis points better than the prior-year quarter. Net margin was 67.4%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $52.1 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $229.0 million. The average EPS estimate is $0.77.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 62 members out of 72 rating the stock outperform, and 10 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give CalAmp 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 CalAmp is buy, with an average price target of $14.25.
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