The 10-second takeaway
For the quarter ended March 31 (Q1), Stratasys met 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 significantly. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Stratasys chalked up revenue of $97.2 million. The 10 analysts polled by S&P Capital IQ foresaw a top line of $98.4 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $45.0 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 $0.43. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. Non-GAAP EPS of $0.43 for Q1 were 54% higher than the prior-year quarter's $0.28 per share. GAAP EPS were -$0.40 for Q1 against $0.21 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 38.4%, much worse than the prior-year quarter. Operating margin was -17.2%, much worse than the prior-year quarter. Net margin was -16.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $105.8 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $437.2 million. The average EPS estimate is $1.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,011 members out of 1,064 rating the stock outperform, and 53 members rating it underperform. Among 288 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 272 give Stratasys a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stratasys is outperform, with an average price target of $80.21.
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