The 10-second takeaway
For the quarter ended March 31 (Q1), FLIR Systems missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share increased.
Margins grew across the board.
FLIR Systems booked revenue of $348.6 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $363.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.35. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.36 per share. GAAP EPS of $0.35 for Q1 were 13% higher than the prior-year quarter's $0.31 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 52.8%, 40 basis points better than the prior-year quarter. Operating margin was 19.8%, 20 basis points better than the prior-year quarter. Net margin was 14.8%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $368.8 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $1.52 billion. The average EPS estimate is $1.65.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 771 members out of 797 rating the stock outperform, and 26 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give FLIR Systems 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 FLIR Systems is outperform, with an average price target of $28.56.
Looking for alternatives to FLIR Systems? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add FLIR Systems to My Watchlist.