Charting Calamos Asset Management's Latest Earnings Release

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Calamos Asset Management (NAS: CLMS) reported earnings on Feb. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Calamos Asset Management beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank to zero.

Gross margins increased, operating margins contracted, and net margins shrank.

Revenue details
Calamos Asset Management reported revenue of $82.4 million. The three analysts polled by S&P Capital IQ foresaw sales of $80.1 million. Sales were 4.3% lower than the prior-year quarter's $86.0 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0. The three earnings estimates compiled by S&P Capital IQ averaged $0.21 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.29.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 74.0%, 1,730 basis points better than the prior-year quarter. Operating margin was 37.6%, 390 basis points worse than the prior-year quarter. Net margin was -0.1%, 680 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $80.5 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $325.7 million. The average EPS estimate is $0.81.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 74 members out of 83 rating the stock outperform, and nine members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Calamos Asset 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 Calamos Asset Management is hold, with an average price target of $11.50.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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