The 10-second takeaway
For the quarter ended March 31 (Q1), ICG Group missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew. GAAP earnings per share expanded.
Gross margins were steady, operating margins dropped, net margins grew.
ICG Group recorded revenue of $46.3 million. The four analysts polled by S&P Capital IQ predicted net sales of $48.8 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $36.6 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 $0.52. The three earnings estimates compiled by S&P Capital IQ averaged -$0.21 per share. Non-GAAP EPS were $0.52 for Q1 against -$0.19 per share for the prior-year quarter. GAAP EPS were $0.45 for Q1 versus -$0.19 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.5%, much about the same as the prior-year quarter. Operating margin was -18.8%, 700 basis points worse than the prior-year quarter. Net margin was 41.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $52.4 million. On the bottom line, the average EPS estimate is -$0.19.
Next year's average estimate for revenue is $212.9 million. The average EPS estimate is -$0.72.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 57 members out of 69 rating the stock outperform, and 12 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give ICG Group a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICG Group is buy, with an average price target of $15.50.
Looking for alternatives to ICG Group? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add ICG Group to My Watchlist.