Isle of Capri Casinos
The 10-second takeaway
For the quarter ended April 29 (Q4), Isle of Capri Casinos beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Isle of Capri Casinos booked revenue of $291.0 million. The eight analysts polled by S&P Capital IQ looked for revenue of $272.9 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $274.4 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 $0.38. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.29 per share. GAAP EPS were -$3.21 for Q4 versus $0.28 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 50.7%, 2,350 basis points worse than the prior-year quarter. Operating margin was 9.0%, 520 basis points worse than the prior-year quarter. Net margin was -42.9%, 4,690 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $258.0 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 99 members out of 153 rating the stock outperform, and 54 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Isle of Capri Casinos a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Isle of Capri Casinos is outperform, with an average price target of $7.36.
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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.