Time Warner Cable (NYS: TWC) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Time Warner Cable met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew. GAAP earnings per share expanded.
Margins dropped across the board.
Time Warner Cable reported revenue of $5.48 billion. The 25 analysts polled by S&P Capital IQ predicted a top line of $5.49 billion on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $5.13 billion.
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 $1.41. The 23 earnings estimates compiled by S&P Capital IQ predicted $1.37 per share. Non-GAAP EPS of $1.41 for Q1 were 8.5% higher than the prior-year quarter's $1.30 per share. GAAP EPS of $1.34 for Q1 were 12% higher than the prior-year quarter's $1.20 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 51.9%, 130 basis points worse than the prior-year quarter. Operating margin was 19.9%, 130 basis points worse than the prior-year quarter. Net margin was 7.3%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $5.59 billion. On the bottom line, the average EPS estimate is $1.69.
Next year's average estimate for revenue is $22.25 billion. The average EPS estimate is $6.56.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 195 members out of 237 rating the stock outperform, and 42 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Time Warner Cable a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Time Warner Cable is outperform, with an average price target of $101.42.
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The article Time Warner Cable Beats Analyst Estimates on EPS originally appeared on Fool.com.
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