The 10-second takeaway
For the quarter ended May 31 (Q1), VOXX International beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. GAAP earnings per share increased.
Gross margins grew, operating margins dropped, net margins grew.
VOXX International booked revenue of $193.0 million. The two analysts polled by S&P Capital IQ predicted a top line of $189.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.09. The two earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. GAAP EPS were $0.09 for Q1 compared to -$0.20 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 28.2%, 220 basis points better than the prior-year quarter. Operating margin was 1.8%, 60 basis points worse than the prior-year quarter. Net margin was 1.1%, 350 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $191.6 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $847.4 million. The average EPS estimate is $1.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 112 members out of 159 rating the stock outperform, and 47 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 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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