The 10-second takeaway
For the quarter ended March 29 (Q4), ViaSat beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Margins grew across the board.
ViaSat logged revenue of $308.7 million. The nine analysts polled by S&P Capital IQ expected to see revenue of $286.0 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $240.5 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 $0.19. The eight earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. Non-GAAP EPS were $0.19 for Q4 against -$0.01 per share for the prior-year quarter. GAAP EPS were $0.04 for Q4 versus -$0.17 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 24.7%, 180 basis points better than the prior-year quarter. Operating margin was -2.3%, 10 basis points better than the prior-year quarter. Net margin was 0.6%, 370 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $307.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $1.40 billion. The average EPS estimate is $0.77.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 93 members out of 104 rating the stock outperform, and 11 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give ViaSat a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ViaSat is outperform, with an average price target of $46.00.
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