The 10-second takeaway
For the quarter ended June 30 (Q2), Stonemor Partners met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share dropped to a loss.
Gross margins increased, operating margins shrank, net margins dropped.
Stonemor Partners tallied revenue of $61.5 million. The three analysts polled by S&P Capital IQ expected a top line of $61.8 million on the same basis. GAAP reported sales were 2.3% higher than the prior-year quarter's $60.1 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 -$0.11. The two earnings estimates compiled by S&P Capital IQ averaged -$0.07 per share. GAAP EPS were -$0.11 for Q2 compared to $0.04 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 57.0%, 110 basis points better than the prior-year quarter. Operating margin was 4.2%, 330 basis points worse than the prior-year quarter. Net margin was -3.5%, 490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $61.2 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $244.0 million. The average EPS estimate is -$0.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 356 members out of 378 rating the stock outperform, and 22 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Stonemor Partners a green thumbs-up, and six 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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