The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Partner Communications missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Partner Communications recorded revenue of $416.5 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $434.9 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $497.3 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 $0.21. The one earnings estimate compiled by S&P Capital IQ predicted $0.41 per share on the same basis. GAAP EPS were -$0.32 for Q4 against $0.55 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 19.5%, 1,780 basis points worse than the prior-year quarter. Operating margin was 2.0%, 2,540 basis points worse than the prior-year quarter. Net margin was -11.8%, 2,910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $487.9 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $1.77 billion. The average EPS estimate is $1.59.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 535 members out of 551 rating the stock outperform, and 16 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give Partner Communications a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Partner Communications is hold, with an average price target of $14.35.
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