MICROS Systems, Inc.
) is scheduled to report its fourth-quarter fiscal 2012 earnings on
Thursday, August 23, 2012, after the closing bell.
The current Zacks Consensus Estimate is pegged at 55 cents a
share for the quarter, representing an annual growth of (0.61)%.
The current Zacks Consensus Estimate range between a low of 47
cents and a high of 58 cents a share. The Zacks Consensus Estimate
of revenue is $302 million for the fiscal fourth quarter.
With respect to earnings surprises, MICROS Systems outperformed
the Zacks Consensus Estimate in two of the last four quarters, was
in line with one quarter and underperformed in the other. Average
earnings surprise was 8.45%, implying that the company has
outperformed the Zacks Consensus Estimate by the same magnitude
over the last four quarters.
Third Quarter of Fiscal 2012 Highlights
On April 26, 2012, MICROS Systems reported financial results for
the third quarter of fiscal 2012. The company's non-GAAP earnings
per share were 56 cents compared with 49 cents in the prior-year
quarter and 51 cents in the earlier quarter. This substantially
surpassed the Zacks Consensus Estimate of 48 cents.
Revenues were $278 million, up 9.8% year over year and 2.8%
sequentially. This was exactly in line with the Zacks Consensus
On a segment basis, Service revenues came in at $177.4 million,
rising from $172.2 million, going up 3.0% from the previous year
quarter. Hardware revenues came in at $63.1 million, increasing
26.5% from the year-ago quarter. Software revenues came in at $37.6
million, up 20.9% year over year.
Agreement of Estimate Revisions
In the last 30 days, one of the six analysts increased the
company's earnings per share estimate while no analysts have
decreased the same for the fourth quarter of fiscal 2012. For the
first quarter of fiscal 2013, none of the analysts, among a total
of 5, revised his/her estimates upward while one made a downward
revision in the last 30 days.
For fiscal 2012, one out of the 6 analysts raised his/her
estimate in the last 30 days. Out of the 6 analysts, one analyst
increased and another analyst reduced the estimates for fiscal 2013
in the last 30 days.
Magnitude of Estimate Revisions
Over the last 30 days, estimates have increased from 54 cents
per share to the current estimate of 55 cents for the fourth
quarter of fiscal 2012.
Estimate for fiscal 2012 surged from $1.99 per share to $2.00
over the last 30 days while for fiscal 2013, it remained consistent
at $2.23. These estimates represented a year-over-year growth of
9.62% for fiscal 2012 and 11.53% for fiscal 2013.
We are optimistic that the company's series of contract wins and
extensions will continue to generate approbatory yields for MICROS
Systems as it moves ahead to battle the lingering downsides of the
ongoing clouded fiscal scenario.
MICROS Systems, which is engaged in designing, manufacturing,
marketing of several enterprise information solutions for the
hospitality and specialty retail industries, gives a tough
competition to other industry players, such as
We currently maintain a long-term 'Neutral' recommendation on
the stock. In addition, MICROS Systems has a Zacks #3 Rank, which
translates into a short-term (1-3 months) 'Hold' rating.
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