National Retail Properties Outruns Estimates Again
National Retail Properties (NYS: NNN) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), National Retail Properties beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins increased, and net margins expanded.
National Retail Properties reported revenue of $74.4 million. The nine analysts polled by S&P Capital IQ foresaw revenue of $70.9 million. Sales were 26% higher than the prior-year quarter's $59.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.26. The five earnings estimates compiled by S&P Capital IQ predicted $0.25 per share. GAAP EPS of $0.26 for Q4 were 86% higher than the prior-year quarter's $0.14 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 81.6%, 70 basis points worse than the prior-year quarter. Operating margin was 53.1%, 570 basis points better than the prior-year quarter. Net margin was 32.1%, 1,120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $73.5 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $301.3 million. The average EPS estimate is $1.04.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 85 members out of 111 rating the stock outperform, and 26 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give National Retail Properties a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on National Retail Properties is outperform, with an average price target of $27.63.
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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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