The 10-second takeaway
For the quarter ended Dec. 31 (Q4), General Communication missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP loss per share contracted.
Margins improved across the board.
General Communication booked revenue of $168.8 million. The four analysts polled by S&P Capital IQ anticipated revenue of $174.8 million on the same basis. GAAP reported sales were 2.3% higher than the prior-year quarter's $165.0 million.
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 -$0.01. The four earnings estimates compiled by S&P Capital IQ anticipated $0.06 per share. GAAP EPS were -$0.01 for Q4 versus -$0.05 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 67.0%, 10 basis points better than the prior-year quarter. Operating margin was 9.5%, 90 basis points better than the prior-year quarter. Net margin was -0.5%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $173.1 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $714.3 million. The average EPS estimate is $0.50.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Communication is outperform, with an average price target of $12.50.
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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.