Measurement Specialties Beats Analyst Estimates on EPS

Measurement Specialties (Nasdaq: MEAS  ) reported earnings on June 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q4), Measurement Specialties met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share shrank. GAAP earnings per share grew.

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

Revenue details
Measurement Specialties notched revenue of $89.0 million. The three analysts polled by S&P Capital IQ wanted to see net sales of $89.0 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 $0.53. The three earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. Non-GAAP EPS of $0.53 for Q4 were 1.9% lower than the prior-year quarter's $0.54 per share. GAAP EPS of $0.56 for Q4 were 7.7% higher than the prior-year quarter's $0.52 per share.

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 40.2%, 10 basis points better than the prior-year quarter. Operating margin was 11.1%, 70 basis points worse than the prior-year quarter. Net margin was 10.3%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $93.9 million. On the bottom line, the average EPS estimate is $0.50.

Next year's average estimate for revenue is $391.4 million. The average EPS estimate is $2.25.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 111 members out of 116 rating the stock outperform, and five members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Measurement Specialties a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Measurement Specialties is outperform, with an average price target of $44.00.

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