The 10-second takeaway
For the quarter ended March 31 (Q1), Cablevision Systems missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Cablevision Systems tallied revenue of $1.52 billion. The 15 analysts polled by S&P Capital IQ expected a top line of $1.55 billion 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 -$0.06. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS were -$0.06 for Q1 versus $0.21 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 47.3%, 540 basis points worse than the prior-year quarter. Operating margin was 6.6%, 950 basis points worse than the prior-year quarter. Net margin was -1.1%, 480 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.59 billion. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $6.35 billion. The average EPS estimate is $0.24.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 110 members out of 177 rating the stock outperform, and 67 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Cablevision Systems a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cablevision Systems is hold, with an average price target of $15.39.
Internet software and services are being consumed in radically different ways, on new and increasingly mobile devices. Is Cablevision Systems on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Cablevision Systems to My Watchlist.