The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Leucadia National whiffed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Leucadia National chalked up revenue of $297.2 million. The one analyst polled by S&P Capital IQ predicted revenue of $367.1 million on the same basis. GAAP reported sales were 50% lower than the prior-year quarter's $556.0 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 $0.46. The one earnings estimate compiled by S&P Capital IQ predicted $0.46 per share on the same basis. GAAP EPS of $0.49 for Q4 were 93% lower than the prior-year quarter's $6.84 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 64.9%, 1,820 basis points worse than the prior-year quarter. Operating margin was 37.5%, 2,990 basis points worse than the prior-year quarter. Net margin was 43.1%, 26,180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $238.9 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $931.0 million. The average EPS estimate is $1.70.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,252 members out of 1,279 rating the stock outperform, and 27 members rating it underperform. Among 396 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 391 give Leucadia National a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Leucadia National is hold, with an average price target of $30.
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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.
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