The 10-second takeaway
For the quarter ended March 31 (Q1), Black Diamond missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Black Diamond chalked up revenue of $51.0 million. The nine analysts polled by S&P Capital IQ looked for a top line of $55.8 million on the same basis. GAAP reported sales were 9.9% higher than the prior-year quarter's $46.4 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 -$0.08. The six earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. Non-GAAP EPS were -$0.08 for Q1 versus $0.10 per share for the prior-year quarter. GAAP EPS were -$0.10 for Q1 versus $0.10 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 37.7%, 240 basis points worse than the prior-year quarter. Operating margin was -3.4%, much worse than the prior-year quarter. Net margin was -5.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $39.2 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $219.8 million. The average EPS estimate is $0.06.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 15 members out of 17 rating the stock outperform, and two members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Black Diamond a green thumbs-up, and one 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 $11.79.
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