The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Black Diamond beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share contracted significantly.
Margins dropped across the board.
Black Diamond recorded revenue of $48.8 million. The eight analysts polled by S&P Capital IQ predicted revenue of $48.3 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $36.3 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 $0.04. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. Non-GAAP EPS of $0.04 for Q4 were 75% lower than the prior-year quarter's $0.16 per share. GAAP EPS of $0.02 for Q4 were 88% lower than the prior-year quarter's $0.16 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 36.3%, 290 basis points worse than the prior-year quarter. Operating margin was -3.7%, 600 basis points worse than the prior-year quarter. Net margin was 1.1%, 860 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $54.7 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $218.6 million. The average EPS estimate is $0.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 14 members out of 16 rating the stock outperform, and two members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Black Diamond a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Black Diamond is buy, with an average price target of $12.21.
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