LeapFrog Enterprises (NYSE: LF ) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), LeapFrog Enterprises beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share shrank.
Gross margins shrank, operating margins grew, net margins grew.
Revenue details
LeapFrog Enterprises booked revenue of $82.9 million. The seven analysts polled by S&P Capital IQ anticipated sales of $79.5 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $72.0 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 -$0.04. The six earnings estimates compiled by S&P Capital IQ averaged -$0.07 per share. GAAP EPS were -$0.04 for Q1 versus -$0.14 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 40.2%, 110 basis points worse than the prior-year quarter. Operating margin was -5.5%, 640 basis points better than the prior-year quarter. Net margin was -3.6%, 950 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $77.8 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $625.1 million. The average EPS estimate is $0.62.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 412 members out of 464 rating the stock outperform, and 52 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give LeapFrog Enterprises a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LeapFrog Enterprises is outperform, with an average price target of $13.75.
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