The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Fisher Communications missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share grew significantly.
Gross margins grew, operating margins contracted, net margins grew.
Fisher Communications logged revenue of $39.9 million. The one analyst polled by S&P Capital IQ foresaw revenue of $44.3 million on the same basis. GAAP reported sales were 0.5% higher than the prior-year quarter's $39.7 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 $0.25. The one earnings estimate compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.25 for Q3 were 56% higher than the prior-year quarter's $0.16 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 58.9%, 350 basis points better than the prior-year quarter. Operating margin was 8.4%, 220 basis points worse than the prior-year quarter. Net margin was 5.5%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.0 million. On the bottom line, the average EPS estimate is $1.71.
Next year's average estimate for revenue is $178.1 million. The average EPS estimate is $2.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 25 members out of 33 rating the stock outperform, and eight members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Fisher Communications a green thumbs-up, and three give it a red thumbs-down.
- Add Fisher Communications to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Sinclair Broadcast Group Closes Fisher Communications Deal
The acquisition adds several TV stations and a few radio stations to its broadcasting portfolio.
Is Fisher Communications Good Enough for You?
Keep your eye on margins.
This Metric Says You're Smart to Own Fisher Communications
Look here for a clue.