The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Belo met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins contracted, and net margins contracted.
Belo logged revenue of $180.3 million. The four analysts polled by S&P Capital IQ predicted sales of $180.5 million. Sales were 13% lower than the prior-year quarter's $206.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.26. The four earnings estimates compiled by S&P Capital IQ forecast $0.24 per share on the same basis. GAAP EPS of $0.29 for Q4 were 24% lower than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 68.0%, 1,840 basis points better than the prior-year quarter. Operating margin was 33.9%, 450 basis points worse than the prior-year quarter. Net margin was 16.9%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $157.5 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $722.3 million. The average EPS estimate is $0.91.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 102 members out of 128 rating the stock outperform, and 26 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Belo 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 Belo is outperform, with an average price target of $8.33.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.