Diamond Hill Investment Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Diamond Hill Investment Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.
Margins expanded across the board.
Diamond Hill Investment Group booked revenue of $16.9 million. The one analyst polled by S&P Capital IQ looked for revenue of $15.6 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $15.4 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 $1.32. The one earnings estimate compiled by S&P Capital IQ averaged $1.11 per share. GAAP EPS of $1.32 for Q3 were 57% higher than the prior-year quarter's $0.84 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 96.5%, 5,240 basis points better than the prior-year quarter. Operating margin was 35.8%, 40 basis points better than the prior-year quarter. Net margin was 24.7%, 820 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $15.4 million. On the bottom line, the average EPS estimate is $1.41.
Next year's average estimate for revenue is $63.8 million. The average EPS estimate is $5.56.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 174 members out of 181 rating the stock outperform, and seven members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Diamond Hill Investment Group a green thumbs-up, and two give it a red thumbs-down.
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