The 10-second takeaway
For the quarter ended March 31 (Q1), Carriage Services met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share expanded. GAAP earnings per share increased.
Gross margins dropped, operating margins shrank, net margins increased.
Carriage Services reported revenue of $58.1 million. The three analysts polled by S&P Capital IQ foresaw revenue of $57.9 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $52.3 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 $0.32. The three earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. Non-GAAP EPS of $0.32 for Q1 were 10% higher than the prior-year quarter's $0.29 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.26 for Q1 were 8.3% higher than the prior-year quarter's $0.24 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.2%, 430 basis points worse than the prior-year quarter. Operating margin was 21.6%, 30 basis points worse than the prior-year quarter. Net margin was 9.1%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $55.5 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $224.7 million. The average EPS estimate is $1.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 111 members out of 119 rating the stock outperform, and eight members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Carriage Services a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carriage Services is outperform, with an average price target of $19.67.
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