DigitalGlobe (NYSE: DGI ) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), DigitalGlobe missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share didn't move. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Revenue details
DigitalGlobe chalked up revenue of $127.6 million. The nine analysts polled by S&P Capital IQ wanted to see a top line of $137.8 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $87.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.08. The five earnings estimates compiled by S&P Capital IQ predicted -$0.36 per share. Non-GAAP EPS of $0.08 were the same as the prior-year quarter. GAAP EPS were -$0.96 for Q1 compared to $0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 67.9%, much worse than the prior-year quarter. Operating margin was -31.7%, much worse than the prior-year quarter. Net margin was -47.5%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $159.2 million. On the bottom line, the average EPS estimate is -$0.05.
Next year's average estimate for revenue is $644.9 million. The average EPS estimate is -$0.19.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 100 members out of 106 rating the stock outperform, and six members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give DigitalGlobe a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DigitalGlobe is outperform, with an average price target of $32.06.
Looking for alternatives to DigitalGlobe? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
Add DigitalGlobe to My Watchlist.
No comments:
Post a Comment