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Geospace Technologies Increases Sales but Misses Estimates on Earnings

Wednesday - 12/12/2012, 1:48pm  ET

Geospace Technologies reported earnings on Dec. 11. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Geospace Technologies whiffed on revenues and missed estimates on earnings per share.

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

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

Revenue details
Geospace Technologies chalked up revenue of $36.9 million. The seven analysts polled by S&P Capital IQ predicted revenue of $46.5 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $32.8 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 $0.33. The five earnings estimates compiled by S&P Capital IQ averaged $0.67 per share. GAAP EPS of $0.33 for Q4 were 18% higher than the prior-year quarter's $0.28 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 36.1%, 290 basis points worse than the prior-year quarter. Operating margin was 16.7%, 180 basis points worse than the prior-year quarter. Net margin was 11.5%, 60 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $75.5 million. On the bottom line, the average EPS estimate is $1.19.

Next year's average estimate for revenue is $304.2 million. The average EPS estimate is $5.52.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,214 members out of 1,242 rating the stock outperform, and 28 members rating it underperform. Among 460 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 453 give Geospace Technologies a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Geospace Technologies is outperform, with an average price target of $76.40.

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This article was originally published as Geospace Technologies Increases Sales but Misses Estimates on Earningson Fool.com

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