The 10-second takeaway
For the quarter ended March 31 (Q3), Regis missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted significantly. GAAP earnings per share grew.
Gross margins dropped, operating margins shrank, net margins expanded.
Regis recorded revenue of $504.9 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $519.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $573.6 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 $0.01. The six earnings estimates compiled by S&P Capital IQ forecast $0.14 per share. Non-GAAP EPS of $0.01 for Q3 were 97% lower than the prior-year quarter's $0.32 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.) GAAP EPS were $0.04 for Q3 against -$0.02 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 32.4%, 430 basis points worse than the prior-year quarter. Operating margin was 0.7%, 490 basis points worse than the prior-year quarter. Net margin was 0.5%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $515.8 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $2.05 billion. The average EPS estimate is $0.44.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regis is hold, with an average price target of $17.33.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Regis. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.