BioMed Realty Trust
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), BioMed Realty Trust met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Margins grew across the board.
BioMed Realty Trust recorded revenue of $112.4 million. The nine analysts polled by S&P Capital IQ predicted a top line of $111.4 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $101.8 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 $0.09. The six earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS of $0.09 for Q4 were 50% higher than the prior-year quarter's $0.06 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 73.9%, 470 basis points better than the prior-year quarter. Operating margin was 35.1%, 380 basis points better than the prior-year quarter. Net margin was 13.1%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $115.9 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $478.2 million. The average EPS estimate is $0.27.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 71 members out of 88 rating the stock outperform, and 17 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give BioMed Realty Trust a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BioMed Realty Trust is hold, with an average price target of $20.33.
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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.