The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Atlantic Tele-Network met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share increased significantly.
Margins grew across the board.
Atlantic Tele-Network tallied revenue of $188.8 million. The four analysts polled by S&P Capital IQ expected revenue of $187.2 million on the same basis. GAAP reported sales were 2.9% lower than the prior-year quarter's $194.3 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 $1.02. The four earnings estimates compiled by S&P Capital IQ averaged $0.74 per share. GAAP EPS of $1.02 for Q3 were 40% higher than the prior-year quarter's $0.73 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%, 20 basis points better than the prior-year quarter. Operating margin was 15.7%, 350 basis points better than the prior-year quarter. Net margin was 8.5%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $180.9 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $736.2 million. The average EPS estimate is $2.54.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 213 members out of 222 rating the stock outperform, and nine members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Atlantic Tele-Network a green thumbs-up, and give 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 $52.00.
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