Assisted Living Concepts
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Assisted Living Concepts missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Assisted Living Concepts reported revenue of $55.6 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $56.9 million on the same basis. GAAP reported sales were 5.1% lower than the prior-year quarter's $58.6 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 -$0.04. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS were -$175.97 for Q3 versus $0.25 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 23.9%, 950 basis points worse than the prior-year quarter. Operating margin was -1.6%, 2,010 basis points worse than the prior-year quarter. Net margin was -7.3%, 1,710 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $57.0 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $229.7 million. The average EPS estimate is $0.51.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 128 members out of 137 rating the stock outperform, and nine members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Assisted Living Concepts a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Assisted Living Concepts is hold, with an average price target of $6.00.
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