The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AirMedia Group beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved.
Gross margins grew, operating margins grew, and net margins dropped.
AirMedia Group tallied revenue of $85.0 million. The five analysts polled by S&P Capital IQ predicted net sales of $78.6 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $68.7 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 $0.07. The four earnings estimates compiled by S&P Capital IQ forecast $0.09 per share on the same basis. GAAP EPS of $0.08 for Q4 were 14% higher than the prior-year quarter's $0.07 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 22.6%, 170 basis points better than the prior-year quarter. Operating margin was 8.2%, 190 basis points better than the prior-year quarter. Net margin was 5.4%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $68.3 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $311.0 million. The average EPS estimate is $0.19.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 76 members out of 97 rating the stock outperform, and 21 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give AirMedia Group a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AirMedia Group is outperform, with an average price target of $4.69.
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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.