The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LIN TV met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share increased significantly.
Gross margin dropped, operating margin contracted, and net margin increased.
LIN TV notched revenue of $111.5 million. The two analysts polled by S&P Capital IQ expected revenue of $110.5 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $125.1 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 $0.18. The one earnings estimate compiled by S&P Capital IQ anticipated $0.20 per share on the same basis. GAAP EPS of $0.76 for Q4 were 100% higher than the prior-year quarter's $0.38 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 68.6%, 540 basis points worse than the prior-year quarter. Operating margin was 27.0%, 920 basis points worse than the prior-year quarter. Net margin was 38.5%, 2,170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $101.2 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $456.7 million. The average EPS estimate is $0.88.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 37 members rating the stock outperform and 33 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give LIN TV a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LIN TV is outperform, with an average price target of $5.00.
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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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