The 10-second takeaway
For the quarter ended June 30 (Q2), Cardtronics met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Cardtronics notched revenue of $208.0 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $207.9 million on the same basis. GAAP reported sales were 8.3% higher than the prior-year quarter's $192.0 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 $0.49. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.42 per share. Non-GAAP EPS of $0.49 for Q2 were 29% higher than the prior-year quarter's $0.38 per share. GAAP EPS of $0.33 for Q2 were 57% higher than the prior-year quarter's $0.21 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 33.8%, 310 basis points better than the prior-year quarter. Operating margin was 14.1%, 250 basis points better than the prior-year quarter. Net margin was 7.4%, 240 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $217.1 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $838.1 million. The average EPS estimate is $1.77.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 64 members out of 87 rating the stock outperform, and 23 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Cardtronics a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cardtronics is buy, with an average price target of $33.50.
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