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.
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