U.S. Markets open in 7 hrs 48 mins

Cimpress (CMPR) Q3 Earnings Miss Estimates, Revenues Up Y/Y

Zacks Equity Research

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.

Quarter Details

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%.

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

See Latest Stocks Today >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
iRobot Corporation (IRBT) : Free Stock Analysis Report
 
Cintas Corporation (CTAS) : Free Stock Analysis Report
 
Actuant Corporation (ATU) : Free Stock Analysis Report
 
Cimpress N.V (CMPR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research