The 10-second takeaway
For the quarter ended June 30 (Q2), Orbital Sciences missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share expanded.
Margins increased across the board.
Orbital Sciences tallied revenue of $333.1 million. The seven analysts polled by S&P Capital IQ hoped for revenue of $358.6 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $371.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.27. The six earnings estimates compiled by S&P Capital IQ averaged $0.23 per share. GAAP EPS of $0.27 for Q2 were 8.0% higher than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 22.2%, 30 basis points better than the prior-year quarter. Operating margin was 7.9%, 30 basis points better than the prior-year quarter. Net margin was 4.9%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $352.1 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $1.40 billion. The average EPS estimate is $1.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 341 members out of 358 rating the stock outperform, and 17 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Orbital Sciences a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Orbital Sciences is buy, with an average price target of $23.50.
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