CBL & Associates Properties
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CBL & Associates Properties met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins increased, net margins increased.
CBL & Associates Properties logged revenue of $269.1 million. The five analysts polled by S&P Capital IQ predicted sales of $270.8 million. GAAP sales were 6.8% lower than the prior-year quarter's $288.8 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 $0.49. The two earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share. GAAP EPS of $0.49 for Q4 were 308% higher than the prior-year quarter's $0.12 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 73.1%, 30 basis points worse than the prior-year quarter. Operating margin was 44.8%, 320 basis points better than the prior-year quarter. Net margin was 30.8%, 2,180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $253.2 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $0.40.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 106 members out of 198 rating the stock outperform, and 92 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give CBL & Associates Properties a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBL & Associates Properties is hold, with an average price target of $16.45.
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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.