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Cimpress (CMPR) Q2 Earnings, Revenues Miss Estimates

Zacks Equity Research

Cimpress N.V. CMPR 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.

Cimpress N.V Price, Consensus and EPS Surprise

Cimpress N.V Price, Consensus and EPS Surprise | Cimpress N.V Quote

 

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, Enersys ENS and Graco Inc. GGG. 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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