CalAmp Earnings: Here’s Why Investors Like These Results

CalAmp Corp. (NASDAQ:CAMP) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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CalAmp Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 133.33% to $0.14 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Rose 28.63% to $48.39 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CalAmp Corp. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.14. It beat the average revenue estimate of $46.53 million.

Quoting Management: Mr. Burdiek continued, “We expect first quarter consolidated revenue in the range of $50 to $54 million. We anticipate Wireless Datacom revenue in the first quarter will be significantly higher on both a year-over-year and a sequential quarter basis. The revenue contribution from Wireless Matrix business is expected to more than fully offset a projected lull in shipments of Positive Train Control radios in the first quarter. Satellite revenue in the first quarter is expected to be up on a sequential quarter basis and relatively flat on a year-over-year basis.”

Mr. Burdiek concluded, “At the bottom line, we expect first quarter GAAP-basis net income in the range of $0.01 to $0.05 per diluted share and non-GAAP net income in the range of $0.11 to $0.15 per diluted share. We also expect that our first quarter GAAP-basis operating results will be impacted by transaction and integration expenses of approximately $0.6 million arising from the Wireless Matrix acquisition.”

Key Stats (on next page)…

Revenue increased 9.13% from $44.34 million in the previous quarter. EPS decreased 17.65% from $0.17 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.19 to a profit $0.14. For the current year, the average estimate has moved down from a profit of $0.69 to a profit of $0.67 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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