CBL & Associates Properties Beats Analyst Estimates on EPS
CBL & Associates Properties (NYS: CBL) reported earnings on Feb. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CBL & Associates Properties met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins increased, net margins increased.
CBL & Associates Properties logged revenue of $269.1 million. The five analysts polled by S&P Capital IQ predicted sales of $270.8 million. GAAP sales were 6.8% lower than the prior-year quarter's $288.8 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 $0.49. The two earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share. GAAP EPS of $0.49 for Q4 were 308% 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 73.1%, 30 basis points worse than the prior-year quarter. Operating margin was 44.8%, 320 basis points better than the prior-year quarter. Net margin was 30.8%, 2,180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $253.2 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $0.40.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 106 members out of 198 rating the stock outperform, and 92 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give CBL & Associates Properties a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBL & Associates Properties is hold, with an average price target of $16.45.
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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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