The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Stonemor Partners missed slightly on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share dropped.
Margins improved across the board.
Stonemor Partners reported revenue of $58.7 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $59.8 million on the same basis. GAAP reported sales were 5.3% higher than the prior-year quarter's $55.8 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 -$0.16. The two earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.16 for Q4 compared to -$1.28 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 56.5%, 170 basis points better than the prior-year quarter. Operating margin was 3.9%, 370 basis points better than the prior-year quarter. Net margin was -5.3%, 4,270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $55.7 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $237.6 million. The average EPS estimate is -$0.40.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 342 members out of 359 rating the stock outperform, and 17 members rating it underperform. Among 109 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Stonemor Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stonemor Partners is outperform, with an average price target of $30.33.
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