The Gory Details of Medical Properties Trust's Double Miss
Medical Properties Trust (NYS: MPW) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Medical Properties Trust missed estimates on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share expanded.
Gross margins improved, operating margins grew, and net margins shrank.
Medical Properties Trust reported revenue of $36.8 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $40.2 million. Sales were 23% higher than the prior-year quarter's $31.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.08. The one earnings estimate compiled by S&P Capital IQ forecast $0.31 per share on the same basis. GAAP EPS of $0.11 for Q4 were 23% higher than the prior-year quarter's $0.09 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 98.7%, 660 basis points better than the prior-year quarter. Operating margin was 55.4%, 110 basis points better than the prior-year quarter. Net margin was 34.5%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $42.7 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $180.2 million. The average EPS estimate is $1.31.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 255 members out of 279 rating the stock outperform, and 24 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Medical Properties Trust a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Medical Properties Trust is hold, with an average price target of $11.83.
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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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