Assisted Living Concepts
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Assisted Living Concepts met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly, and GAAP earnings per share grew significantly.
Margins grew across the board.
Assisted Living Concepts booked revenue of $58.9 million. The three analysts polled by S&P Capital IQ anticipated net sales of $58.8 million on the same basis. GAAP reported sales were 0.7% higher than the prior-year quarter's $58.4 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 $0.27. The three earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share on the same basis. GAAP EPS of $0.31 for Q4 were 35% higher than the prior-year quarter's $0.23 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 43.1%, 40 basis points better than the prior-year quarter. Operating margin was 20.8%, 270 basis points better than the prior-year quarter. Net margin was 12.4%, 310 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $60.1 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $242.7 million. The average EPS estimate is $1.06.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 127 members rating the stock outperform and seven members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Assisted Living Concepts a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Assisted Living Concepts is outperform, with an average price target of $19.50.
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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.