Black Diamond
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Black Diamond missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Revenue details
Black Diamond tallied revenue of $48.7 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $51.4 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $42.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.05. The five earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. GAAP EPS of $0.02 for Q3 were 60% lower than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 37.9%, 20 basis points worse than the prior-year quarter. Operating margin was 3.5%, 400 basis points worse than the prior-year quarter. Net margin was 1.5%, 90 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $50.2 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $180.0 million. The average EPS estimate is $0.09.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 16 members out of 20 rating the stock outperform, and four members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Black Diamond a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Black Diamond is buy, with an average price target of $12.33.
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