The Gory Details of Martha Stewart Living Omnimedia's Earnings Miss
Martha Stewart Living Omnimedia (NYS: MSO) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Martha Stewart Living Omnimedia missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share didn't move.
Gross margins dropped, operating margins contracted, net margins expanded.
Martha Stewart Living Omnimedia booked revenue of $61.7 million. The two analysts polled by S&P Capital IQ looked for a top line of $63.9 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $72.6 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 $0.01. The one earnings estimate compiled by S&P Capital IQ averaged $0.10 per share on the same basis. GAAP EPS of $0.07 were the same as 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 46.3%, 80 basis points worse than the prior-year quarter. Operating margin was 2.1%, 260 basis points worse than the prior-year quarter. Net margin was 6.8%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $55.5 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $235.5 million. The average EPS estimate is $0.02.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 203 members out of 313 rating the stock outperform, and 110 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Martha Stewart Living Omnimedia a green thumbs-up, and 33 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Martha Stewart Living Omnimedia is outperform, with an average price target of $4.67.
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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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