Corporate Executive Board (NYSE: CEB ) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Corporate Executive Board beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Corporate Executive Board tallied revenue of $193.7 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $187.9 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $132.0 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 $0.69. The seven earnings estimates compiled by S&P Capital IQ predicted $0.58 per share. GAAP EPS of $0.21 for Q4 were 58% lower than the prior-year quarter's $0.50 per share. (The prior-year quarter included -$0.09 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 62.5%, 470 basis points worse than the prior-year quarter. Operating margin was 14.8%, 1,050 basis points worse than the prior-year quarter. Net margin was 3.7%, 910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $187.7 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $802.5 million. The average EPS estimate is $2.68.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Corporate Executive Board is outperform, with an average price target of $47.29.
Looking for alternatives to Corporate Executive Board? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Corporate Executive Board to My Watchlist.