The 10-second takeaway
For the quarter ended March 31 (Q1), Perficient beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew significantly.
Gross margins grew, operating margins dropped, net margins expanded.
Perficient reported revenue of $84.9 million. The three analysts polled by S&P Capital IQ predicted revenue of $83.2 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $70.8 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 $0.13. The three earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.13 for Q1 were 30% higher than the prior-year quarter's $0.10 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 34.2%, 220 basis points better than the prior-year quarter. Operating margin was 6.1%, 210 basis points worse than the prior-year quarter. Net margin was 4.9%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $88.7 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $355.5 million. The average EPS estimate is $0.63.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 514 members out of 533 rating the stock outperform, and 19 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Perficient a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Perficient is buy, with an average price target of $14.67.
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