The 10-second takeaway
For the quarter ended March 31 (Q1), Belo met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share increased.
Margins expanded across the board.
Belo chalked up revenue of $155.9 million. The four analysts polled by S&P Capital IQ predicted sales of $157.1 million on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $151.5 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 $0.14. The two earnings estimates compiled by S&P Capital IQ averaged $0.12 per share. GAAP EPS were $0.14 for Q1 compared to -$0.04 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 35.2%, 390 basis points better than the prior-year quarter. Operating margin was 25.5%, 360 basis points better than the prior-year quarter. Net margin was 9.2%, 1,200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $177.6 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $722.8 million. The average EPS estimate is $0.94.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 102 members rating the stock outperform and 26 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Belo a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Belo is outperform, with an average price target of $9.67.
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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.