The 10-second takeaway
For the quarter ended June 30 (Q2), General Communication met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded.
Margins expanded across the board.
General Communication booked revenue of $176.1 million. The three analysts polled by S&P Capital IQ predicted revenue of $177.0 million on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $168.1 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 $0.09. The three earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. GAAP EPS were $0.09 for Q2 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 67.0%, 110 basis points better than the prior-year quarter. Operating margin was 14.0%, 60 basis points better than the prior-year quarter. Net margin was 2.3%, 350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $181.5 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $707.7 million. The average EPS estimate is $0.25.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Communication is buy, with an average price target of $12.00.
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