The 10-second takeaway
For the quarter ended June 30 (Q1), Acxiom met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share was unchanged.
Gross margins increased, operating margins contracted, net margins expanded.
Acxiom reported revenue of $266.2 million. The four analysts polled by S&P Capital IQ anticipated a top line of $265.5 million on the same basis. GAAP reported sales were 2.0% lower than the prior-year quarter's $271.7 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 $0.17. The four earnings estimates compiled by S&P Capital IQ anticipated $0.15 per share. GAAP EPS of $0.17 were the same as the prior-year quarter.
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 24.0%, 110 basis points better than the prior-year quarter. Operating margin was 9.0%, 30 basis points worse than the prior-year quarter. Net margin was 5.0%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $277.6 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $0.76.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 72 members out of 96 rating the stock outperform, and 24 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Acxiom a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Acxiom is outperform, with an average price target of $23.00.
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