Multimedia Games Holding
The 10-second takeaway
For the quarter ended June 30 (Q3), Multimedia Games Holding beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share increased.
Gross margins shrank, operating margins expanded, net margins dropped.
Multimedia Games Holding recorded revenue of $48.1 million. The five analysts polled by S&P Capital IQ predicted a top line of $46.7 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $40.5 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 $0.28. The five earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. GAAP EPS of $0.28 for Q3 were 12% higher than the prior-year quarter's $0.25 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 80.9%, 160 basis points worse than the prior-year quarter. Operating margin was 29.1%, 1,000 basis points better than the prior-year quarter. Net margin was 17.6%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $48.0 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $185.6 million. The average EPS estimate is $1.02.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Multimedia Games Holding is buy, with an average price target of $28.38.
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