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.
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