Saturday, March 2, 2013

Fluidigm Beats on Both Top and Bottom Lines

Fluidigm (Nasdaq: FLDM  ) reported earnings on Feb. 12. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fluidigm beat expectations on revenues and exceeded expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Fluidigm logged revenue of $15.7 million. The six analysts polled by S&P Capital IQ expected revenue of $14.7 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $13.0 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 -$0.14. The four earnings estimates compiled by S&P Capital IQ averaged -$0.15 per share. GAAP EPS were -$0.14 for Q4 versus -$0.17 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 72.3%, 310 basis points better than the prior-year quarter. Operating margin was -22.3%, 60 basis points better than the prior-year quarter. Net margin was -23.0%, 360 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $14.5 million. On the bottom line, the average EPS estimate is -$0.19.

Next year's average estimate for revenue is $65.4 million. The average EPS estimate is -$0.52.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with nine members out of 16 rating the stock outperform, and seven members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Fluidigm a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fluidigm is buy, with an average price target of $17.90.

Looking for alternatives to Fluidigm? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.

  • Add Fluidigm to My Watchlist.

No comments:

Post a Comment