The 10-second takeaway
For the quarter ended Nov. 30 (Q1), Shaw Communications met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Margins expanded across the board.
Shaw Communications reported revenue of $1.33 billion. The 12 analysts polled by S&P Capital IQ predicted a top line of $1.32 billion on the same basis. GAAP reported sales were 6.9% higher than the prior-year quarter's $1.24 billion.
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 $0.48. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.46 per share. GAAP EPS of $0.49 for Q1 were 20% higher than the prior-year quarter's $0.41 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 40.8%, 70 basis points better than the prior-year quarter. Operating margin was 29.8%, 70 basis points better than the prior-year quarter. Net margin was 17.0%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.27 billion. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $5.18 billion. The average EPS estimate is $1.61.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 120 members out of 130 rating the stock outperform, and 10 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Shaw Communications a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shaw Communications is hold, with an average price target of $21.16.
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