The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Coleman Cable beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
Coleman Cable reported revenue of $233.6 million. The three analysts polled by S&P Capital IQ foresaw sales of $222.0 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $206.9 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 $0.40. The three earnings estimates compiled by S&P Capital IQ anticipated $0.28 per share. Non-GAAP EPS of $0.40 for Q4 were 471% higher than the prior-year quarter's $0.07 per share. GAAP EPS of $0.38 for Q4 were 375% higher than the prior-year quarter's $0.08 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 16.1%, 360 basis points better than the prior-year quarter. Operating margin was 7.5%, 350 basis points better than the prior-year quarter. Net margin was 2.9%, 220 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $234.0 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $948.4 million. The average EPS estimate is $1.53.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 101 members out of 107 rating the stock outperform, and six members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Coleman Cable 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 Coleman Cable is outperform, with an average price target of $12.50.
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