Westwood Holdings Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Westwood Holdings Group beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Westwood Holdings Group logged revenue of $18.9 million. The one analyst polled by S&P Capital IQ predicted revenue of $18.1 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $16.0 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 $0.34. The one earnings estimate compiled by S&P Capital IQ forecast $0.50 per share. GAAP EPS of $0.34 for Q3 were 26% lower than the prior-year quarter's $0.46 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 39.8%, 850 basis points worse than the prior-year quarter. Operating margin was 22.9%, 1,010 basis points worse than the prior-year quarter. Net margin was 13.2%, 730 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $18.4 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $74.4 million. The average EPS estimate is $2.02.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 144 members out of 151 rating the stock outperform, and seven members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Westwood Holdings Group a green thumbs-up, and one give it a red thumbs-down.
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