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.
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