The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Triple-S Management beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share contracted.
Margins dropped across the board.
Triple-S Management reported revenue of $565.4 million. The four analysts polled by S&P Capital IQ hoped for a top line of $550.9 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $431.7 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 $0.66. The five earnings estimates compiled by S&P Capital IQ anticipated $0.53 per share on the same basis. GAAP EPS of $0.67 for Q4 were 1.5% lower than the prior-year quarter's $0.68 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 21.7%, 310 basis points worse than the prior-year quarter. Operating margin was 4.8%, 210 basis points worse than the prior-year quarter. Net margin was 3.3%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $572.0 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $2.34 billion. The average EPS estimate is $2.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 100 members out of 108 rating the stock outperform, and eight members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Triple-S Management a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triple-S Management is outperform, with an average price target of $23.17.
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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.