Westwood Holdings Group
The 10-second takeaway
For the quarter ended June 30 (Q2), Westwood Holdings Group met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Westwood Holdings Group chalked up revenue of $23.5 million. The one analyst polled by S&P Capital IQ wanted to see sales of $23.6 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $20.1 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 $0.65. The one earnings estimate compiled by S&P Capital IQ forecast $0.49 per share. GAAP EPS of $0.65 for Q2 were 117% higher than the prior-year quarter's $0.30 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 49.3%, 850 basis points better than the prior-year quarter. Operating margin was 32.9%, much better than the prior-year quarter. Net margin was 20.8%, 980 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $22.7 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $90.3 million. The average EPS estimate is $1.91.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 148 members out of 154 rating the stock outperform, and six members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Westwood Holdings Group a green thumbs-up, and give it a red thumbs-down.
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