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.
Can your retirement portfolio provide you with enough income to last? You'll need more than Partner Communications. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Partner Communications to My Watchlist.
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. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.