Leucadia National
The 10-second takeaway
For the quarter ended June 30 (Q2), Leucadia National crushed expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Revenue details
Leucadia National reported revenue of $2.14 billion. The one analyst polled by S&P Capital IQ foresaw a top line of $2.11 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $751.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.81. The one earnings estimate compiled by S&P Capital IQ anticipated $0.36 per share. GAAP EPS were -$0.81 for Q2 versus $0.75 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 9.9%, 7,630 basis points worse than the prior-year quarter. Operating margin was 4.3%, 6,830 basis points worse than the prior-year quarter. Net margin was -9.2%, 3,400 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $2.07 billion. On the bottom line, the average EPS estimate is $0.42.
Next year's The average EPS estimate is $3.24.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,278 members out of 1,304 rating the stock outperform, and 26 members rating it underperform. Among 338 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 333 give Leucadia National a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Leucadia National is hold, with an average price target of $24.00.
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