Corporate Executive Board
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Corporate Executive Board 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 shrank significantly.
Margins dropped across the board.
Corporate Executive Board tallied revenue of $193.7 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $187.9 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $132.0 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 $0.69. The seven earnings estimates compiled by S&P Capital IQ predicted $0.58 per share. GAAP EPS of $0.21 for Q4 were 58% lower than the prior-year quarter's $0.50 per share. (The prior-year quarter included -$0.09 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 62.5%, 470 basis points worse than the prior-year quarter. Operating margin was 14.8%, 1,050 basis points worse than the prior-year quarter. Net margin was 3.7%, 910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $187.7 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $802.5 million. The average EPS estimate is $2.68.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Corporate Executive Board is outperform, with an average price target of $47.29.
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