Ascent Capital Group (Nasdaq: ASCMA ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Ascent Capital Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share grew.
Gross margins contracted, operating margins increased, net margins grew.
Ascent Capital Group recorded revenue of $100.2 million. The four analysts polled by S&P Capital IQ expected to see revenue of $99.9 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $81.9 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 $0.16. The three earnings estimates compiled by S&P Capital IQ predicted -$0.52 per share. Non-GAAP EPS of $0.16 for Q1 were 33% lower than the prior-year quarter's $0.24 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.) GAAP EPS were $0.19 for Q1 versus -$0.37 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 84.8%, 170 basis points worse than the prior-year quarter. Operating margin was 19.0%, 310 basis points better than the prior-year quarter. Net margin was 2.8%, 920 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $101.9 million. On the bottom line, the average EPS estimate is -$0.52.
Next year's average estimate for revenue is $416.3 million. The average EPS estimate is -$2.01.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 13 members out of 16 rating the stock outperform, and three members rating it underperform. Among two CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Ascent Capital Group a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ascent Capital Group is outperform, with an average price target of $77.00.
Looking for alternatives to Ascent Capital Group? 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 Ascent Capital Group to My Watchlist.