ZAGG Increases Sales but Misses Estimates on Earnings
Aug 3rd 2012 10:28AM
Updated Aug 3rd 2012 10:36AM
ZAGG (NAS: ZAGG) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), ZAGG beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share improved significantly.
Margins grew across the board.
ZAGG booked revenue of $61.6 million. The six analysts polled by S&P Capital IQ predicted net sales of $58.4 million on the same basis. GAAP reported sales were 59% higher than the prior-year quarter's $38.8 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 $0.18. The six earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.18 for Q2 were 80% higher than the prior-year quarter's $0.10 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 46.1%, 30 basis points better than the prior-year quarter. Operating margin was 17.5%, 190 basis points better than the prior-year quarter. Net margin was 9.4%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $64.6 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $261.2 million. The average EPS estimate is $0.89.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 248 members out of 391 rating the stock outperform, and 143 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give ZAGG a green thumbs-up, and 83 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ZAGG is buy, with an average price target of $17.54.
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The article ZAGG Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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