The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cablevision Systems beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank significantly.
Gross margins grew, operating margins grew, and net margins contracted.
Cablevision Systems tallied revenue of $1.69 billion. The 18 analysts polled by S&P Capital IQ predicted revenue of $1.67 billion on the same basis. GAAP reported sales were 7.3% higher than the prior-year quarter's $1.58 billion.
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 $0.22. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. GAAP EPS of $0.22 for Q4 were 44% lower than the prior-year quarter's $0.39 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 57.5%, 110 basis points better than the prior-year quarter. Operating margin was 21.6%, 390 basis points better than the prior-year quarter. Net margin was 3.6%, 360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.67 billion. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $6.78 billion. The average EPS estimate is $0.99.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 121 members out of 180 rating the stock outperform, and 59 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Cablevision Systems a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cablevision Systems is hold, with an average price target of $18.98.
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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.