Sirona Dental Systems Beats on Both Top and Bottom Lines
Aug 7th 2012 2:12PM
Updated May 10th 2013 5:10PM
Sirona Dental Systems (NAS: SIRO) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), Sirona Dental Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased.
Gross margins expanded, operating margins grew, net margins contracted.
Sirona Dental Systems reported revenue of $267.3 million. The 13 analysts polled by S&P Capital IQ expected net sales of $255.8 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $231.9 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 $0.75. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.72 per share. Non-GAAP EPS of $0.75 for Q2 were 17% higher than the prior-year quarter's $0.64 per share. GAAP EPS of $0.56 for Q2 were 3.7% higher than the prior-year quarter's $0.54 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 54.1%, 30 basis points better than the prior-year quarter. Operating margin was 17.8%, 50 basis points better than the prior-year quarter. Net margin was 11.8%, 140 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $283.1 million. On the bottom line, the average EPS estimate is $0.92.
Next year's average estimate for revenue is $1.09 billion. The average EPS estimate is $3.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 104 members out of 118 rating the stock outperform, and 14 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Sirona Dental Systems 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 Sirona Dental Systems is outperform, with an average price target of $79.50.
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The article Sirona Dental Systems Beats on Both Top and Bottom Lines 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 position in any of the stocks mentioned. 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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