Electronics for Imaging
The 10-second takeaway
For the quarter ended June 30 (Q2), Electronics for Imaging beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins expanded, net margins grew.
Electronics for Imaging logged revenue of $180.3 million. The four analysts polled by S&P Capital IQ predicted a top line of $174.4 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $163.9 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 $0.38. The five earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. Non-GAAP EPS of $0.38 for Q2 were 27% higher than the prior-year quarter's $0.30 per share. GAAP EPS of $0.20 for Q2 were 33% higher than the prior-year quarter's $0.15 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 54.3%, 50 basis points worse than the prior-year quarter. Operating margin was 7.3%, 110 basis points better than the prior-year quarter. Net margin was 5.2%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $172.4 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $701.8 million. The average EPS estimate is $1.39.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 54 members out of 67 rating the stock outperform, and 13 members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Electronics for Imaging a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Electronics for Imaging is buy, with an average price target of $30.00.
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