Lender Processing Services (NYSE: LPS ) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Lender Processing Services beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew.
Gross margins dropped, operating margins grew, net margins increased.
Lender Processing Services chalked up revenue of $501.0 million. The five analysts polled by S&P Capital IQ predicted a top line of $488.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.74. The six earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. GAAP EPS were $0.03 for Q4 compared to -$0.25 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.0%, 920 basis points worse than the prior-year quarter. Operating margin was 12.5%, 710 basis points better than the prior-year quarter. Net margin was 0.6%, 490 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $484.1 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $1.94 billion. The average EPS estimate is $2.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 97 members out of 118 rating the stock outperform, and 21 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Lender Processing Services 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 Lender Processing Services is hold, with an average price target of $26.25.
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