The 10-second takeaway
For the quarter ended March 31 (Q1), Nxstage Medical met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP loss per share shrank.
Gross margins grew, operating margins contracted, net margins expanded.
Nxstage Medical chalked up revenue of $61.6 million. The nine analysts polled by S&P Capital IQ wanted to see revenue of $61.1 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $57.0 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 -$0.08. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.08 per share. GAAP EPS were -$0.08 for Q1 versus -$0.09 per share for 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 38.9%, 150 basis points better than the prior-year quarter. Operating margin was -7.4%, 100 basis points worse than the prior-year quarter. Net margin was -8.1%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $64.2 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $264.4 million. The average EPS estimate is -$0.28.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 140 members out of 171 rating the stock outperform, and 31 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Nxstage Medical a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nxstage Medical is outperform, with an average price target of $16.59.
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