Monmouth Real Estate Investment
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Monmouth Real Estate Investment met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved significantly.
Gross margins grew, operating margins dropped, and net margins expanded.
Monmouth Real Estate Investment reported revenue of $12.8 million. The three analysts polled by S&P Capital IQ foresaw net sales of $12.9 million on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $12.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.15. The three earnings estimates compiled by S&P Capital IQ anticipated $0.07 per share on the same basis. GAAP EPS of $0.14 for Q1 were 27% higher than the prior-year quarter's $0.11 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 77.5%, 130 basis points better than the prior-year quarter. Operating margin was 42.9%, 160 basis points worse than the prior-year quarter. Net margin was 41.9%, 250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $12.9 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $52.5 million. The average EPS estimate is $0.26.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Monmouth Real Estate Investment is buy, with an average price target of $11.
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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.