Inland Real Estate
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Inland Real Estate met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins grew, net margins dropped.
Inland Real Estate chalked up revenue of $37.2 million. The four analysts polled by S&P Capital IQ predicted revenue of $37.4 million. GAAP sales were 15% lower than the prior-year quarter's $43.9 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 $0.01. The four earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.01 for Q4 were 75% lower than the prior-year quarter's $0.04 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 76.5%, 1,500 basis points better than the prior-year quarter. Operating margin was 33.6%, 660 basis points better than the prior-year quarter. Net margin was 5.0%, 420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $40.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $162.1 million. The average EPS estimate is $0.07.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inland Real Estate is hold, with an average price target of $9.67.
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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.