Inland Real Estate Meets on the Top Line, Misses Where It Counts
Inland Real Estate (NYS: IRC) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Inland Real Estate met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins grew, net margins dropped.
Inland Real Estate chalked up revenue of $37.2 million. The four analysts polled by S&P Capital IQ predicted revenue of $37.4 million. GAAP sales were 15% lower than the prior-year quarter's $43.9 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 $0.01. The four earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.01 for Q4 were 75% lower than the prior-year quarter's $0.04 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 76.5%, 1,500 basis points better than the prior-year quarter. Operating margin was 33.6%, 660 basis points better than the prior-year quarter. Net margin was 5.0%, 420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $40.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $162.1 million. The average EPS estimate is $0.07.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inland Real Estate is hold, with an average price target of $9.67.
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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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