Carriage Services (NYSE: CSV ) reported earnings on Feb. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Carriage Services beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Gross margins were steady, operating margins increased, net margins expanded.
Carriage Services reported revenue of $53.3 million. The three analysts polled by S&P Capital IQ looked for revenue of $52.7 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $47.8 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 $0.23 per share. Non-GAAP EPS of $0.24 for Q4 were 118% higher than the prior-year quarter's $0.11 per share. GAAP EPS of $0.20 for Q4 were much higher than the prior-year quarter's $0.01 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 31.7%, much about the same as the prior-year quarter. Operating margin was 17.8%, 130 basis points better than the prior-year quarter. Net margin was 6.9%, 630 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $57.1 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $222.0 million. The average EPS estimate is $1.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 108 members out of 117 rating the stock outperform, and nine members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Carriage Services a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carriage Services is outperform, with an average price target of $13.83.
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