The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ACCO Brands met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted to a loss.
Gross margins expanded, operating margins grew, net margins dropped.
ACCO Brands reported revenue of $529.7 million. The six analysts polled by S&P Capital IQ predicted a top line of $536.0 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $350.7 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 $0.37. The six earnings estimates compiled by S&P Capital IQ forecast $0.37 per share. GAAP EPS were -$0.11 for Q4 against $0.16 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 33.6%, 140 basis points better than the prior-year quarter. Operating margin was 13.2%, 130 basis points better than the prior-year quarter. Net margin was -2.4%, 510 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $398.6 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is $1.01.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ACCO Brands is outperform, with an average price target of $11.00.
Looking for alternatives to ACCO Brands? 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 ACCO Brands to My Watchlist.