Computer Programs & Systems (Nasdaq: CPSI) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Computer Programs & Systems met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew significantly.
Margins grew across the board.
Revenue details
Computer Programs & Systems reported revenue of $49.5 million. The 10 analysts polled by S&P Capital IQ looked for net sales of $49.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $44.5 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 $0.63. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.63 for Q1 were 24% higher than the prior-year quarter's $0.51 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 44.6%, 130 basis points better than the prior-year quarter. Operating margin was 20.4%, 20 basis points better than the prior-year quarter. Net margin was 14.0%, 130 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $50.9 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $200.2 million. The average EPS estimate is $2.91.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 135 members out of 144 rating the stock outperform, and nine members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Computer Programs & Systems a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Computer Programs & Systems is outperform, with an average price target of $54.00.
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