The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CTC Media beat slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.
Gross margin increased, operating margin contracted, and net margin contracted.
CTC Media chalked up revenue of $236.8 million. The three analysts polled by S&P Capital IQ predicted revenue of $232.6 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $222.3 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 $0.39. The one earnings estimate compiled by S&P Capital IQ forecast $0.37 per share on the same basis. GAAP EPS were -$0.16 for Q4 compared to $0.48 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 95.3%, 90 basis points better than the prior-year quarter. Operating margin was 37.2%, 1,750 basis points worse than the prior-year quarter. Net margin was -10.4%, 4,430 basis points worse than the prior-year quarter.
Next year's average estimate for revenue is $816.0 million. The average EPS estimate is $1.05.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 178 members out of 194 rating the stock outperform, and 16 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give CTC Media a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CTC Media is outperform, with an average price target of $15.78.
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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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