Diamond Hill Investment Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Diamond Hill Investment Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Margins shrank across the board.
Diamond Hill Investment Group booked revenue of $17.0 million. The one analyst polled by S&P Capital IQ anticipated a top line of $16.4 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $15.2 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 $1.53. The one earnings estimate compiled by S&P Capital IQ predicted $1.41 per share. GAAP EPS of $1.53 for Q4 were 3.4% higher than the prior-year quarter's $1.48 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 38.6%, much worse than the prior-year quarter. Operating margin was 38.6%, 300 basis points worse than the prior-year quarter. Net margin was 28.4%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $16.6 million. On the bottom line, the average EPS estimate is $1.25.
Next year's average estimate for revenue is $69.9 million. The average EPS estimate is $5.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 176 members out of 183 rating the stock outperform, and seven members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Diamond Hill Investment Group a green thumbs-up, and two give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.