Cimpress N.V. (CMPR - Free Report) reported second-quarter fiscal 2019 results with GAAP earnings of $69 million or $2.17 per share compared with $29.9 million or 93 cents per share in the year-ago quarter. Notably, the Zacks Consensus Estimate of earnings was pegged at $2.30.
Quarter Details
Total revenues for the fiscal second quarter were $825.6 million compared with $762 million a year ago. The top line missed the consensus estimate of $859 million.
The National Pen segment generated revenues of $133 million, up 5.5% year over year. Furthermore, Vistaprint— the largest revenue generating segment of the company — witnessed rise in revenues. Aggregate quarterly revenues from Vistaprint came in at $434.3 million, up from $428.9 million.
On the other hand, Upload and Print segment’s revenues increased to $203.8 million from $192.5 million due to improved operating metrics. Moreover, revenues from All Other Businesses increased to $61.8 million from $21 million.
Gross margin in the reported quarter contracted to 50.2% from 52.7%.
Balance Sheet and Cash Flow
As of Dec 31, 2018, Cimpress had $48.3 million in cash and cash equivalents compared with $40.1 million in the prior-year quarter. At the end of the quarter, total debt was $1,048.4 million compared with $700.5 million a year ago.
In the fiscal second quarter, Cimpress repurchased 117,552 shares for $14 million. Net cash provided by operating activities came in at $183.3 million compared with $160.4 million in the year-ago quarter.
Zacks Rank & Stocks to Consider
Cimpress currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the space are iRobot Corp. (IRBT - Free Report) , Enersys (ENS - Free Report) and Graco Inc. (GGG - Free Report) . While iRobot sports a Zacks Rank #1 (Strong Buy), Enersys and Graco carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
iRobot exceeded estimates in each of the trailing four quarters, the average beat being 102.97%.
Enersys surpassed estimates thrice in the trailing four quarters, the average beat being 2.83%.
Graco surpassed estimates twice in the trailing four quarters, the average beat being 5.44%.
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Cimpress N.V. (CMPR - Free Report) reported second-quarter fiscal 2019 results with GAAP earnings of $69 million or $2.17 per share compared with $29.9 million or 93 cents per share in the year-ago quarter. Notably, the Zacks Consensus Estimate of earnings was pegged at $2.30.
Quarter Details
Total revenues for the fiscal second quarter were $825.6 million compared with $762 million a year ago. The top line missed the consensus estimate of $859 million.
The National Pen segment generated revenues of $133 million, up 5.5% year over year. Furthermore, Vistaprint— the largest revenue generating segment of the company — witnessed rise in revenues. Aggregate quarterly revenues from Vistaprint came in at $434.3 million, up from $428.9 million.
On the other hand, Upload and Print segment’s revenues increased to $203.8 million from $192.5 million due to improved operating metrics. Moreover, revenues from All Other Businesses increased to $61.8 million from $21 million.
Gross margin in the reported quarter contracted to 50.2% from 52.7%.
Balance Sheet and Cash Flow
As of Dec 31, 2018, Cimpress had $48.3 million in cash and cash equivalents compared with $40.1 million in the prior-year quarter. At the end of the quarter, total debt was $1,048.4 million compared with $700.5 million a year ago.
In the fiscal second quarter, Cimpress repurchased 117,552 shares for $14 million. Net cash provided by operating activities came in at $183.3 million compared with $160.4 million in the year-ago quarter.
Zacks Rank & Stocks to Consider
Cimpress currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the space are iRobot Corp. (IRBT - Free Report) , Enersys (ENS - Free Report) and Graco Inc. (GGG - Free Report) . While iRobot sports a Zacks Rank #1 (Strong Buy), Enersys and Graco carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
iRobot exceeded estimates in each of the trailing four quarters, the average beat being 102.97%.
Enersys surpassed estimates thrice in the trailing four quarters, the average beat being 2.83%.
Graco surpassed estimates twice in the trailing four quarters, the average beat being 5.44%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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