The 10-second takeaway
For the quarter ended Dec. 31 (Q4), GP Strategies beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins increased, operating margins grew, net margins shrank.
GP Strategies chalked up revenue of $106.0 million. The four analysts polled by S&P Capital IQ expected sales of $103.9 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $93.9 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 $0.32. The three earnings estimates compiled by S&P Capital IQ predicted $0.30 per share. GAAP EPS of $0.32 for Q4 were 3.2% higher than the prior-year quarter's $0.31 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 18.3%, 100 basis points better than the prior-year quarter. Operating margin was 9.6%, 80 basis points better than the prior-year quarter. Net margin was 5.8%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $104.5 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $438.4 million. The average EPS estimate is $1.33.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GP Strategies is buy, with an average price target of $23.00.
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