The 10-second takeaway
For the quarter ended March 31 (Q1), Coleman Cable met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins increased across the board.
Coleman Cable tallied revenue of $222.5 million. The three analysts polled by S&P Capital IQ predicted a top line of $221.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.37. The three earnings estimates compiled by S&P Capital IQ predicted $0.29 per share. Non-GAAP EPS of $0.37 for Q1 were 54% higher than the prior-year quarter's $0.24 per share. GAAP EPS of $0.30 for Q1 were 43% higher than the prior-year quarter's $0.21 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 15.4%, 150 basis points better than the prior-year quarter. Operating margin was 6.6%, 70 basis points better than the prior-year quarter. Net margin was 2.4%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $234.4 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $932.9 million. The average EPS estimate is $1.49.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 97 members out of 104 rating the stock outperform, and seven members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Coleman Cable a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coleman Cable is outperform, with an average price target of $14.50.
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