The 10-second takeaway
For the quarter ended June 30 (Q2), Belo met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share didn't move. GAAP earnings per share contracted.
Gross margins grew, operating margins dropped, net margins dropped.
Belo reported revenue of $173.5 million. The three analysts polled by S&P Capital IQ hoped for revenue of $174.6 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 $0.24. The three earnings estimates compiled by S&P Capital IQ averaged $0.21 per share. Non-GAAP EPS of $0.24 were the same as the prior-year quarter. GAAP EPS of $0.21 for Q2 were 13% lower than the prior-year quarter's $0.24 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 64.9%, much better than the prior-year quarter. Operating margin was 28.2%, 390 basis points worse than the prior-year quarter. Net margin was 12.6%, 200 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $162.2 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $688.7 million. The average EPS estimate is $0.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 114 members out of 140 rating the stock outperform, and 26 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Belo a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Belo is outperform, with an average price target of $11.75.
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