Epoch Investment Partners
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Epoch Investment Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins increased across the board.
Epoch Investment Partners logged revenue of $27.6 million. The three analysts polled by S&P Capital IQ foresaw net sales of $27.0 million on the same basis. GAAP reported sales were 45% higher than the prior-year quarter's $19.0 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 $0.33. The three earnings estimates compiled by S&P Capital IQ averaged $0.31 per share. GAAP EPS of $0.33 for Q1 were 74% higher than the prior-year quarter's $0.19 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 60.8%, 190 basis points better than the prior-year quarter. Operating margin was 48.9%, 630 basis points better than the prior-year quarter. Net margin was 28.6%, 540 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $28.1 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $115.0 million. The average EPS estimate is $1.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 85 members out of 98 rating the stock outperform, and 13 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Epoch Investment Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Epoch Investment Partners is buy, with an average price target of $33.25.
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