The 10-second takeaway
For the quarter ended June 30 (Q2), Atlantic Tele-Network met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew significantly.
Margins improved across the board.
Atlantic Tele-Network reported revenue of $185.3 million. The four analysts polled by S&P Capital IQ expected to see revenue of $184.0 million on the same basis. GAAP reported sales were 4.4% lower than the prior-year quarter's $193.8 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 $0.67. The four earnings estimates compiled by S&P Capital IQ forecast $0.59 per share. GAAP EPS of $0.67 for Q2 were 458% higher than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 67.1%, 460 basis points better than the prior-year quarter. Operating margin was 12.5%, 910 basis points better than the prior-year quarter. Net margin was 5.7%, 480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $188.3 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $738.4 million. The average EPS estimate is $2.43.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 214 members out of 222 rating the stock outperform, and eight members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Atlantic Tele-Network a green thumbs-up, and none gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlantic Tele-Network is outperform, with an average price target of $51.67.
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