The 10-second takeaway
For the quarter ended Feb. 28 (Q2), Shaw Communications met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. GAAP earnings per share dropped.
Gross margins grew, operating margins increased, net margins were steady.
Shaw Communications recorded revenue of $1.22 billion. The 13 analysts polled by S&P Capital IQ foresaw sales of $1.22 billion 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 $0.37. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.35 per share. GAAP EPS of $0.37 for Q2 were 2.6% lower than the prior-year quarter's $0.38 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 37.9%, 250 basis points better than the prior-year quarter. Operating margin was 26.1%, 290 basis points better than the prior-year quarter. Net margin was 13.7%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $5.05 billion. The average EPS estimate is $1.62.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shaw Communications is hold, with an average price target of $22.75.
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