HFF Beats Up on Analysts Yet Again
HFF (NYS: HF) reported earnings on Mar. 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), HFF beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Margins improved across the board.
HFF logged revenue of $75.9 million. The two analysts polled by S&P Capital IQ looked for net sales of $74.5 million on the same basis. GAAP reported sales were 55% higher than the prior-year quarter's $48.9 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 $0.35. The two earnings estimates compiled by S&P Capital IQ forecast $0.31 per share. GAAP EPS of $0.35 for Q4 were 192% higher than the prior-year quarter's $0.12 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 44.4%, 1,650 basis points better than the prior-year quarter. Operating margin was 24.2%, 1,220 basis points better than the prior-year quarter. Net margin was 16.7%, 800 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $44.6 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $292.9 million. The average EPS estimate is $1.13.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 22 members out of 49 rating the stock outperform, and 27 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give HFF a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HFF is buy, with an average price target of $17.
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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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