Cimpress N.V. (CMPR - Free Report) reported first-quarter fiscal 2020 GAAP earnings of $20 million or 66 cents per share against a loss of $14.6 million or 47 cents per share in the year-ago quarter. Moreover, the bottom line beat the Zacks Consensus Estimate of 42 cents.
Quarter Details
Total revenues for the fiscal first quarter were $634 million compared with $589 million a year ago. Also, the top line beat the consensus estimate of $632 million.
National Pen segment generated revenues of $70.2 million, up 6.3% year over year. Vistaprint — the largest revenue generating segment of the company — witnessed a decline in revenues. Aggregate quarterly revenues from Vistaprint totaled $343.2 million, down from $345.3 million.
PrintBrothers segment’s revenues increased to $109.3 million from $101.4 million due to improved operating metrics. The Print Group generated revenues of $72.3 million, up 1.8% year over year. Moreover, revenues from All Other Businesses increased to $42.3 million from $7.7 million.
Gross margin came in at 48.6%, flat on a year-over-year basis.
Balance Sheet and Cash Flow
As of Sep 30, 2019, Cimpress had $31.2 million in cash and cash equivalents compared with $48.1 million in the prior-year quarter. At the end of the quarter, total debt was $1,227.8 million, up from $863.6 million.
In the fiscal first quarter, Cimpress repurchased 1,963,629 shares for $232.3 million. Net cash provided by operating activities was $62.9 million, higher than $22.2 million in the year-ago quarter.
Zacks Rank & Other Stocks to Consider
Cimpress currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the same space are Brady Corporation (BRC - Free Report) , Cintas Corporation (CTAS - Free Report) Dover Corporation (DOV - Free Report) . All these companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Brady delivered average earnings surprise of 9.68% in the trailing four quarters.
Cintas delivered average earnings surprise of 6.26% in the trailing four quarters.
Dover pulled off average positive earnings surprise of 6.70% in the trailing four quarters.
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Cimpress N.V. (CMPR - Free Report) reported first-quarter fiscal 2020 GAAP earnings of $20 million or 66 cents per share against a loss of $14.6 million or 47 cents per share in the year-ago quarter. Moreover, the bottom line beat the Zacks Consensus Estimate of 42 cents.
Quarter Details
Total revenues for the fiscal first quarter were $634 million compared with $589 million a year ago. Also, the top line beat the consensus estimate of $632 million.
National Pen segment generated revenues of $70.2 million, up 6.3% year over year. Vistaprint — the largest revenue generating segment of the company — witnessed a decline in revenues. Aggregate quarterly revenues from Vistaprint totaled $343.2 million, down from $345.3 million.
PrintBrothers segment’s revenues increased to $109.3 million from $101.4 million due to improved operating metrics. The Print Group generated revenues of $72.3 million, up 1.8% year over year. Moreover, revenues from All Other Businesses increased to $42.3 million from $7.7 million.
Gross margin came in at 48.6%, flat on a year-over-year basis.
Balance Sheet and Cash Flow
As of Sep 30, 2019, Cimpress had $31.2 million in cash and cash equivalents compared with $48.1 million in the prior-year quarter. At the end of the quarter, total debt was $1,227.8 million, up from $863.6 million.
In the fiscal first quarter, Cimpress repurchased 1,963,629 shares for $232.3 million. Net cash provided by operating activities was $62.9 million, higher than $22.2 million in the year-ago quarter.
Zacks Rank & Other Stocks to Consider
Cimpress currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the same space are Brady Corporation (BRC - Free Report) , Cintas Corporation (CTAS - Free Report) Dover Corporation (DOV - Free Report) . All these companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Brady delivered average earnings surprise of 9.68% in the trailing four quarters.
Cintas delivered average earnings surprise of 6.26% in the trailing four quarters.
Dover pulled off average positive earnings surprise of 6.70% in the trailing four quarters.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our just-released Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
Download Free Report Now >>
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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