VASCO Data Security International
The 10-second takeaway
For the quarter ended June 30 (Q2), VASCO Data Security International whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly. GAAP earnings per share shrank significantly.
Gross margins increased, operating margins dropped, net margins shrank.
VASCO Data Security International chalked up revenue of $37.3 million. The four analysts polled by S&P Capital IQ anticipated revenue of $42.2 million on the same basis. GAAP reported sales were 20% lower than the prior-year quarter's $46.6 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 $0.05. The two earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. GAAP EPS of $0.05 for Q2 were 72% lower than the prior-year quarter's $0.18 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 64.1%, 100 basis points better than the prior-year quarter. Operating margin was 5.2%, much worse than the prior-year quarter. Net margin was 4.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $39.6 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $162.0 million. The average EPS estimate is $0.45.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,891 members out of 1,956 rating the stock outperform, and 65 members rating it underperform. Among 452 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 444 give VASCO Data Security International a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VASCO Data Security International is hold, with an average price target of $9.00.
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