Comment
0
Tweet
0
Print
RSS Feeds

Ciber Beats on Revenue, Matches Expectations on EPS

Monday - 5/6/2013, 2:00am  ET

Ciber reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Ciber beat slightly on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share grew. GAAP earnings per share didn't move.

Gross margins dropped, operating margins contracted, net margins expanded.

Revenue details
Ciber logged revenue of $225.0 million. The four analysts polled by S&P Capital IQ predicted sales of $222.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.03. The three earnings estimates compiled by S&P Capital IQ forecast $0.03 per share. Non-GAAP EPS of $0.03 for Q1 were 200% higher than the prior-year quarter's $0.01 per share. GAAP EPS of $0.02 were the same as 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 25.1%, 20 basis points worse than the prior-year quarter. Operating margin was 2.5%, 90 basis points worse than the prior-year quarter. Net margin was 0.7%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $225.9 million. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $905.7 million. The average EPS estimate is $0.16.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 129 members out of 141 rating the stock outperform, and 12 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Ciber 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 Ciber is outperform, with an average price target of $5.60.

Is Ciber playing the right part in the new technology revolution? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.

This article was originally published as Ciber Beats on Revenue, Matches Expectations on EPSon Fool.com

Copyright © 2009 The Motley Fool, LLC. All rights reserved.