The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fisher Communications missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins grew, net margins dropped.
Fisher Communications recorded revenue of $52.1 million. The one analyst polled by S&P Capital IQ looked for revenue of $53.3 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $46.4 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 $0.96. The one earnings estimate compiled by S&P Capital IQ predicted $1.24 per share. GAAP EPS of $0.96 for Q4 were 74% lower than the prior-year quarter's $3.71 per share. (The prior-year quarter included $0.06 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 66.4%, 450 basis points better than the prior-year quarter. Operating margin was 26.2%, 470 basis points better than the prior-year quarter. Net margin was 16.5%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $36.5 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $159.3 million. The average EPS estimate is $1.35.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 25 members out of 33 rating the stock outperform, and eight members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Fisher Communications a green thumbs-up, and three give it a red thumbs-down.
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