Focus Media Holding
The 10-second takeaway
For the quarter ended June 30 (Q2), Focus Media Holding beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share grew significantly.
Gross margins expanded, operating margins shrank, and net margins grew.
Focus Media Holding booked revenue of $233.0 million. The five analysts polled by S&P Capital IQ anticipated a top line of $226.0 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $179.0 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 $0.62. The four earnings estimates compiled by S&P Capital IQ predicted $0.59 per share. GAAP EPS of $0.45 for Q2 were 50% higher than the prior-year quarter's $0.30 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 63.8%, 140 basis points better than the prior-year quarter. Operating margin was 27.4%, 30 basis points worse than the prior-year quarter. Net margin was 25.3%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $255.2 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $979.5 million. The average EPS estimate is $2.27.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 1,017 members out of 1,126 rating the stock outperform, and 109 members rating it underperform. Among 260 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 216 give Focus Media Holding a green thumbs-up, and 44 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Focus Media Holding is buy, with an average price target of $39.96.
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