The 10-second takeaway
For the quarter ended Dec. 31 (Q4), HSN missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share increased significantly.
Margins grew across the board.
HSN reported revenue of $982.9 million. The seven analysts polled by S&P Capital IQ expected to see net sales of $1.00 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.00. The seven earnings estimates compiled by S&P Capital IQ forecast $1.02 per share. GAAP EPS of $1.00 for Q4 were 30% higher than the prior-year quarter's $0.77 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 34.4%, 80 basis points better than the prior-year quarter. Operating margin was 9.4%, 30 basis points better than the prior-year quarter. Net margin was 5.7%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $779.6 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $3.46 billion. The average EPS estimate is $3.21.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HSN is hold, with an average price target of $56.83.
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