The 10-second takeaway
For the quarter ended June 30 (Q2), Fisher Communications met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins shrank across the board.
Fisher Communications reported revenue of $42.1 million. The one analyst polled by S&P Capital IQ expected a top line of $41.9 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 $0.31. The one earnings estimate compiled by S&P Capital IQ averaged $0.39 per share. Non-GAAP EPS of $0.31 for Q2 were 35% lower than the prior-year quarter's $0.48 per share. GAAP EPS of $0.05 for Q2 were 90% lower than the prior-year quarter's $0.48 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 57.8%, 450 basis points worse than the prior-year quarter. Operating margin was 1.9%, much worse than the prior-year quarter. Net margin was 1.0%, 910 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $36.7 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $157.6 million. The average EPS estimate is $0.73.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 22 members out of 31 rating the stock outperform, and nine members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Fisher Communications a green thumbs-up, and three give it a red thumbs-down.
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