Belo (NYSE: BLC ) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Belo's revenues will increase 17.8% and EPS will increase 69.2%.
The average estimate for revenue is $179.1 million. On the bottom line, the average EPS estimate is $0.22.
Last quarter, Belo recorded revenue of $177.6 million. GAAP reported sales were 6.8% higher than the prior-year quarter's $166.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.24. GAAP EPS of $0.24 for Q2 were 41% higher than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.2%, 560 basis points better than the prior-year quarter. Operating margin was 32.1%, 510 basis points better than the prior-year quarter. Net margin was 14.6%, 370 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $728.6 million. The average EPS estimate is $1.03.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 105 members out of 131 rating the stock outperform, and 26 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Belo 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 Belo is buy, with an average price target of $9.06.
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