Consolidated Communications Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Consolidated Communications Holdings beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Consolidated Communications Holdings booked revenue of $93.4 million. The four analysts polled by S&P Capital IQ expected to see a top line of $92.3 million on the same basis. GAAP reported sales were 2.2% lower than the prior-year quarter's $95.4 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 $0.17. The five earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS of $0.06 for Q1 were 76% lower than the prior-year quarter's $0.25 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 61.6%, 100 basis points worse than the prior-year quarter. Operating margin was 17.0%, 70 basis points worse than the prior-year quarter. Net margin was 1.9%, 580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $92.3 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $385.3 million. The average EPS estimate is $0.87.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 68 members out of 79 rating the stock outperform, and 11 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Consolidated Communications Holdings a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Consolidated Communications Holdings is hold, with an average price target of $18.00.
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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.