Synutra International Goes Red

Synutra International (NAS: SYUT) reported earnings on Feb. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Synutra International beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share shrank to a loss.


Gross margins grew, operating margins shrank, net margins dropped.

Revenue details
Synutra International notched revenue of $73.2 million. The two analysts polled by S&P Capital IQ foresaw a top line of $67.5 million on the same basis. GAAP reported sales were 36% lower than the prior-year quarter's $114.4 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 -$0.23. The two earnings estimates compiled by S&P Capital IQ predicted -$0.13 per share. GAAP EPS were -$0.23 for Q3 versus $0.18 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 43.0%, 170 basis points better than the prior-year quarter. Operating margin was 0.5%, 1,820 basis points worse than the prior-year quarter. Net margin was -18.1%, 2,710 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $82.9 million. On the bottom line, the average EPS estimate is $0.01.

Next year's average estimate for revenue is $270.1 million. The average EPS estimate is -$1.05.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 77 members out of 154 rating the stock outperform, and 77 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Synutra International a green thumbs-up, and 33 give it a red thumbs-down.

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The article Synutra International Goes Red 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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