The 10-second takeaway
For the quarter ended Dec. 31 (Q4), VCA Antech met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
VCA Antech logged revenue of $369.0 million. The 11 analysts polled by S&P Capital IQ wanted to see sales of $370.3 million on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $338.1 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 $0.21. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.25 per share on the same basis. GAAP EPS were -$0.04 for Q4 against $0.25 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 26.3%, 70 basis points worse than the prior-year quarter. Operating margin was 9.9%, 200 basis points worse than the prior-year quarter. Net margin was -0.9%, 730 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $403.8 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $1.71 billion. The average EPS estimate is $1.44.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 232 members out of 243 rating the stock outperform, and 11 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give VCA Antech a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VCA Antech is outperform, with an average price target of $24.00.
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