The 10-second takeaway
For the quarter ended March 31 (Q1), RTI Biologics beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped. GAAP earnings per share dropped.
Gross margins expanded, operating margins contracted, net margins contracted.
RTI Biologics logged revenue of $40.4 million. The seven analysts polled by S&P Capital IQ predicted sales of $38.7 million on the same basis. GAAP reported sales were 7.6% lower than the prior-year quarter's $43.7 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 $0.02. The six earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. Non-GAAP EPS of $0.02 for Q1 were 50% lower than the prior-year quarter's $0.04 per share. GAAP EPS of $0.03 for Q1 were 25% lower than the prior-year quarter's $0.04 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 47.5%, 150 basis points better than the prior-year quarter. Operating margin was 2.6%, 400 basis points worse than the prior-year quarter. Net margin was 3.6%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $43.1 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $179.0 million. The average EPS estimate is $0.17.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 211 members out of 223 rating the stock outperform, and 12 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give RTI Biologics 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 RTI Biologics is outperform, with an average price target of $4.96.
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