Gilat Satellite Networks
The 10-second takeaway
For the quarter ended March 31 (Q1), Gilat Satellite Networks missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share dropped. GAAP loss per share contracted.
Gross margins shrank, operating margins expanded, net margins grew.
Gilat Satellite Networks tallied revenue of $82.8 million. The two analysts polled by S&P Capital IQ expected sales of $86.0 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $76.6 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 -$0.01. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.01 per share. Non-GAAP EPS were -$0.01 for Q1 against -$0.02 per share for the prior-year quarter. GAAP EPS were -$0.06 for Q1 against -$0.07 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 30.8%, 90 basis points worse than the prior-year quarter. Operating margin was -1.2%, 220 basis points better than the prior-year quarter. Net margin was -2.8%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $86.0 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $352.7 million. The average EPS estimate is $0.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 133 members out of 137 rating the stock outperform, and four members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Gilat Satellite Networks a green thumbs-up, and give it a red thumbs-down.
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