Palomar Medical Technologies
The 10-second takeaway
For the quarter ended March 31 (Q1), Palomar Medical Technologies beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased to zero. GAAP loss per share contracted.
Gross margins dropped, operating margins increased, net margins increased.
Palomar Medical Technologies reported revenue of $23.2 million. The two analysts polled by S&P Capital IQ expected to see revenue of $20.3 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $19.0 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 $0.00. The two earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share. Non-GAAP EPS dropped to zero from the prior-year quarter's $0.00. GAAP EPS were -$0.06 for Q1 compared to -$0.12 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 56.3%, 100 basis points worse than the prior-year quarter. Operating margin was -4.0%, 820 basis points better than the prior-year quarter. Net margin was -4.8%, 730 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $21.1 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $88.6 million. The average EPS estimate is $0.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 499 members out of 529 rating the stock outperform, and 30 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give Palomar Medical Technologies a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Palomar Medical Technologies is hold, with an average price target of $11.00.
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