Focus Media Holding
The 10-second takeaway
For the quarter ended March 31 (Q1), Focus Media Holding beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share grew significantly.
Margins expanded across the board.
Focus Media Holding reported revenue of $199.6 million. The six analysts polled by S&P Capital IQ anticipated revenue of $193.3 million on the same basis. GAAP reported sales were 36% higher than the prior-year quarter's $146.6 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 $0.46. The five earnings estimates compiled by S&P Capital IQ averaged $0.43 per share. GAAP EPS of $0.28 for Q1 were 87% higher than the prior-year quarter's $0.15 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 59.5%, 480 basis points better than the prior-year quarter. Operating margin was 26.8%, 830 basis points better than the prior-year quarter. Net margin was 19.0%, 500 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $223.7 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $973.7 million. The average EPS estimate is $2.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 502 members out of 525 rating the stock outperform, and 23 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Focus Media Holding 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 Focus Media Holding is outperform, with an average price target of $42.12.
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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.