Consolidated Communications Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Consolidated Communications Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
Consolidated Communications Holdings recorded revenue of $156.3 million. The five analysts polled by S&P Capital IQ anticipated sales of $157.1 million on the same basis. GAAP reported sales were 67% higher than the prior-year quarter's $93.4 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 $0.21. The five earnings estimates compiled by S&P Capital IQ forecast $0.14 per share. Non-GAAP EPS of $0.21 for Q1 were 24% higher than the prior-year quarter's $0.17 per share. GAAP EPS of $0.17 for Q1 were 183% higher than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 62.7%, 110 basis points better than the prior-year quarter. Operating margin was 18.3%, 130 basis points better than the prior-year quarter. Net margin was 4.3%, 240 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $154.8 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $621.3 million. The average EPS estimate is $0.68.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 68 members out of 78 rating the stock outperform, and 10 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Consolidated Communications Holdings 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 Consolidated Communications Holdings is outperform, with an average price target of $17.00.
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