Compass Diversified Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Compass Diversified Holdings beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share expanded.
Gross margins were steady, operating margins grew, net margins grew.
Compass Diversified Holdings logged revenue of $241.6 million. The five analysts polled by S&P Capital IQ foresaw sales of $220.3 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $195.3 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 $0.03. The three earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS were $0.03 for Q1 versus -$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 31.6%, much about the same as the prior-year quarter. Operating margin was 9.6%, 240 basis points better than the prior-year quarter. Net margin was 0.7%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $233.5 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $927.5 million. The average EPS estimate is $0.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 310 members out of 317 rating the stock outperform, and seven members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Compass Diversified Holdings 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 Compass Diversified Holdings is outperform, with an average price target of $16.80.
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