The Gory Details of Entercom Communications' Earnings Miss
Entercom Communications (NYS: ETM) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Entercom Communications missed slightly on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Entercom Communications tallied revenue of $95.1 million. The two analysts polled by S&P Capital IQ predicted revenue of $97.0 million on the same basis. GAAP reported sales were 6.8% lower than the prior-year quarter's $102.1 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 $0.29. The one earnings estimate compiled by S&P Capital IQ averaged $0.33 per share on the same basis. GAAP EPS of $0.28 for Q4 were 38% lower than the prior-year quarter's $0.45 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 36.4%, 160 basis points worse than the prior-year quarter. Operating margin was 27.3%, 230 basis points worse than the prior-year quarter. Net margin was 11.1%, 580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $82.3 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $400.9 million. The average EPS estimate is $0.89.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 59 members out of 137 rating the stock outperform, and 78 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Entercom Communications a green thumbs-up, and 18 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Entercom Communications is outperform, with an average price target of $14.00.
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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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