Stonemor Partners (NYSE: STON ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Stonemor Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew. The profit was a surprise, as analysts had predicted a loss.
Margins improved across the board.
Stonemor Partners logged revenue of $59.6 million. The three analysts polled by S&P Capital IQ predicted revenue of $55.4 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $49.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.10. The two earnings estimates compiled by S&P Capital IQ predicted -$0.14 per share. GAAP EPS were $0.10 for Q1 against -$0.40 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 59.7%, 200 basis points better than the prior-year quarter. Operating margin was 9.6%, 460 basis points better than the prior-year quarter. Net margin was 3.4%, 1,810 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.7 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $240.4 million. The average EPS estimate is -$0.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 342 members out of 361 rating the stock outperform, and 19 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Stonemor Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stonemor Partners is outperform, with an average price target of $30.33.
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