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ICU Medical Crushes Earnings Estimates

Tuesday - 4/23/2013, 2:00am  ET

ICU Medical reported earnings on April 22. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
ICU Medical logged revenue of $74.3 million. The six analysts polled by S&P Capital IQ expected to see a top line of $74.0 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 $0.58. The five earnings estimates compiled by S&P Capital IQ predicted $0.44 per share. GAAP EPS of $0.58 for Q1 were 9.4% higher than the prior-year quarter's $0.53 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 49.5%, 320 basis points better than the prior-year quarter. Operating margin was 16.2%, 110 basis points better than the prior-year quarter. Net margin was 11.7%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $84.1 million. On the bottom line, the average EPS estimate is $0.69.

Next year's average estimate for revenue is $335.0 million. The average EPS estimate is $2.78.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 88 members out of 103 rating the stock outperform, and 15 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give ICU Medical a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICU Medical is outperform, with an average price target of $69.50.

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This article was originally published as ICU Medical Crushes Earnings Estimateson Fool.com

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