Cimpress N.V. CMPR reported third-quarter fiscal 2019 results with GAAP earnings of $6.5 million or 21 cents per share against a loss of $2.3 million or 7 cents per share in the year-ago quarter. Notably, the Zacks Consensus Estimate of earnings was pegged at 42 cents.
Total revenues for the fiscal third quarter were $661.8 million compared with $636.1 million a year ago. The top line missed the consensus estimate of $665.7 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 $79.7 million, down 2.2% year over year. Furthermore, Vistaprint— the largest revenue generating segment of the company — witnessed a decline in revenues. Aggregate quarterly revenues from Vistaprint came in at $349.9 million, down from $357.6 million.
Upload and Print segment’s revenues increased to $188.1 million from $183.8 million due to improved operating metrics. Moreover, revenues from All Other Businesses increased to $50.1 million from $18.9 million.
Gross margin contracted to 48.2% from 49.8% in the year-ago quarter.
Balance Sheet and Cash Flow
As of Mar 31, 2019, Cimpress had $44.3 million in cash and cash equivalents compared with $49.9 million in the prior-year quarter. At the end of the quarter, total debt was $1,075.1 million, up from $812.6 million.
In the fiscal third quarter, Cimpress repurchased 149,382 shares for $12.1 million. Net cash provided by operating activities came in at $17 million against $32.1 million used in the year-ago quarter.
Zacks Rank & Stocks to Consider
Cimpress currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the space are iRobot Corporation IRBT, Cintas Corporation CTAS and Actuant Corporation ATU. While iRobot sports a Zacks Rank #1 (Strong Buy), Cintas and Actuant 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 94.52%.
Cintas surpassed estimates in each of the trailing four quarters, the average beat being 6.09%.
Actuant surpassed estimates in each of the trailing four quarters, the average beat being 11.01%.
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