The 10-second takeaway
For the quarter ended March 31 (Q1), Belo met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. GAAP earnings per share increased.
Gross margins dropped, operating margins dropped, net margins increased.
Belo tallied revenue of $160.3 million. The three analysts polled by S&P Capital IQ predicted revenue of $159.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.16. The three earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. GAAP EPS of $0.16 for Q1 were 14% higher than the prior-year quarter's $0.14 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 35.0%, 20 basis points worse than the prior-year quarter. Operating margin was 25.1%, 40 basis points worse than the prior-year quarter. Net margin was 10.4%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $174.6 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $683.1 million. The average EPS estimate is $0.78.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 110 members out of 136 rating the stock outperform, and 26 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Belo a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Belo is buy, with an average price target of $9.75.
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