The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Belo missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
Belo reported revenue of $176.3 million. The three analysts polled by S&P Capital IQ predicted sales of $179.1 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $152.0 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 $0.24. The three earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS of $0.24 for Q3 were 85% higher than the prior-year quarter's $0.13 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%, 3,570 basis points better than the prior-year quarter. Operating margin was 31.7%, 870 basis points better than the prior-year quarter. Net margin was 14.1%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $215.4 million. On the bottom line, the average EPS estimate is $0.42.
Next 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 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 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 $9.25.
Can your retirement portfolio provide you with enough income to last? You'll need more than Belo. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Belo to My Watchlist.