The Gory Details of Carrols Restaurant Group's Earnings Miss
Carrols Restaurant Group (NAS: TAST) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Carrols Restaurant Group met expectations on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped to zero.
Gross margin grew, operating margin contracted, and net margin shrank.
Carrols Restaurant Group logged revenue of $203.6 million. The one analyst polled by S&P Capital IQ expected a top line of $203.7 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $194.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.13. The one earnings estimate compiled by S&P Capital IQ forecast $0.18 per share on the same basis. GAAP EPS dropped to zero from the prior-year quarter's $0.12.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.5%, 270 basis points better than the prior-year quarter. Operating margin was 3.9%, 110 basis points worse than the prior-year quarter. Net margin was 0.0%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $206.9 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $865.1 million. The average EPS estimate is $0.87.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carrols Restaurant Group is outperform, with an average price target of $12.00.
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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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