The 10-second takeaway
For the quarter ended June 30 (Q2), Triple-S Management met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped. GAAP earnings per share grew significantly.
Gross margins grew, operating margins shrank, net margins grew.
Triple-S Management reported revenue of $599.8 million. The three analysts polled by S&P Capital IQ looked for sales of $595.1 million on the same basis. GAAP reported sales were 3.7% lower than the prior-year quarter's $623.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.53. The four earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. Non-GAAP EPS of $0.53 for Q2 were 8.6% lower than the prior-year quarter's $0.58 per share. GAAP EPS of $0.72 for Q2 were 20% higher than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 23.2%, 290 basis points better than the prior-year quarter. Operating margin was 3.1%, 80 basis points worse than the prior-year quarter. Net margin was 3.4%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $588.8 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $2.35 billion. The average EPS estimate is $2.04.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 100 members out of 109 rating the stock outperform, and nine members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Triple-S Management 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 Triple-S Management is hold, with an average price target of $23.00.
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