The 10-second takeaway
For the quarter ended March 31 (Q1), Cerus missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP loss per share was unchanged.
Gross margins grew, operating margins grew, net margins contracted.
Cerus reported revenue of $9.7 million. The five analysts polled by S&P Capital IQ predicted revenue of $10.1 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $8.8 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 -$0.17. The four earnings estimates compiled by S&P Capital IQ predicted -$0.08 per share. GAAP EPS of -$0.17 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.7%, much better than the prior-year quarter. Operating margin was -51.0%, 110 basis points better than the prior-year quarter. Net margin was -105.3%, 470 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $10.5 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $42.8 million. The average EPS estimate is -$0.46.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 129 members out of 149 rating the stock outperform, and 20 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Cerus a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cerus is buy, with an average price target of $6.50.
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