The 10-second takeaway
For the quarter ended Feb. 28 (Q4), VOXX International beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share dropped.
Margins dropped across the board.
VOXX International reported revenue of $206.8 million. The two analysts polled by S&P Capital IQ predicted sales of $202.8 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $176.6 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 $0.28. The two earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. Non-GAAP EPS of $0.28 for Q4 were 45% lower than the prior-year quarter's $0.51 per share. GAAP EPS of $0.43 for Q4 were 6.5% lower than the prior-year quarter's $0.46 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 29.8%, 170 basis points worse than the prior-year quarter. Operating margin was 5.7%, 300 basis points worse than the prior-year quarter. Net margin was 5.0%, 120 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $201.6 million.
Next year's average estimate for revenue is $867.2 million. The average EPS estimate is $1.23.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 106 members out of 152 rating the stock outperform, and 46 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give VOXX International a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VOXX International is buy, with an average price target of $13.00.
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