The 10-second takeaway
For the quarter ended March 31 (Q2), Geospace Technologies whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share increased significantly.
Margins grew across the board.
Geospace Technologies notched revenue of $76.4 million. The seven analysts polled by S&P Capital IQ anticipated a top line of $86.2 million on the same basis. GAAP reported sales were 36% higher than the prior-year quarter's $56.2 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 $1.30. The seven earnings estimates compiled by S&P Capital IQ forecast $1.71 per share. GAAP EPS of $1.30 for Q2 were 46% higher than the prior-year quarter's $0.89 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 46.5%, 190 basis points better than the prior-year quarter. Operating margin was 33.4%, 410 basis points better than the prior-year quarter. Net margin was 22.1%, 180 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $76.1 million. On the bottom line, the average EPS estimate is $1.50.
Next year's average estimate for revenue is $314.8 million. The average EPS estimate is $6.39.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,219 members out of 1,250 rating the stock outperform, and 31 members rating it underperform. Among 414 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 405 give Geospace Technologies 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 Geospace Technologies is outperform, with an average price target of $115.57.
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