Multimedia Games Holding
The 10-second takeaway
For the quarter ended March 31 (Q2), Multimedia Games Holding beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share increased significantly.
Gross margins contracted, operating margins increased, net margins grew.
Multimedia Games Holding recorded revenue of $46.6 million. The three analysts polled by S&P Capital IQ foresaw revenue of $42.9 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $39.5 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 $0.31. The three earnings estimates compiled by S&P Capital IQ forecast $0.19 per share. GAAP EPS of $0.31 for Q2 were 29% higher than the prior-year quarter's $0.24 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 81.4%, 250 basis points worse than the prior-year quarter. Operating margin was 29.9%, much better than the prior-year quarter. Net margin was 20.1%, 290 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $44.3 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $176.8 million. The average EPS estimate is $0.82.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Multimedia Games Holding is buy, with an average price target of $22.17.
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