Central European Distribution Whiffs on Earnings
Central European Distribution (NAS: CEDC) reported earnings on Feb. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Central European Distribution missed estimates on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share increased.
Margins shrank across the board.
Central European Distribution recorded revenue of $280.1 million. The two analysts polled by S&P Capital IQ hoped for a top line of $293.3 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $228.4 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 $0.11. The three earnings estimates compiled by S&P Capital IQ predicted $0.32 per share on the same basis. GAAP EPS were -$6.29 for Q4 compared to -$1.46 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.3%, 220 basis points worse than the prior-year quarter. Operating margin was 7.5%, 290 basis points worse than the prior-year quarter. Net margin was -162.9%, 11,770 basis points worse than the prior-year quarter.
Next year's average estimate for revenue is $917.7 million. The average EPS estimate is $0.14.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 620 members out of 648 rating the stock outperform, and 28 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 134 give Central European Distribution a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Central European Distribution is underperform, with an average price target of $6.92.
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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.