Black Diamond Crushes Earnings Estimates
Black Diamond (NAS: BDE) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Black Diamond missed slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased significantly.
Gross margins grew, operating margins shrank, net margins improved.
Black Diamond notched revenue of $36.3 million. The four analysts polled by S&P Capital IQ expected to see sales of $36.9 million on the same basis. GAAP reported sales were 6.2% higher than the prior-year quarter's $34.2 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 $0.16. The four earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS of $0.16 for Q4 were 78% higher than the prior-year quarter's $0.09 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 39.2%, 100 basis points better than the prior-year quarter. Operating margin was 2.3%, 10 basis points worse than the prior-year quarter. Net margin was 9.7%, 1,100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $44.0 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $163.8 million. The average EPS estimate is $0.11.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Black Diamond is buy, with an average price target of $10.17.
With hundreds of companies out there vying with Black Diamond for shoppers' dollars, strong brands matter, and they can provide growth for even boring, mature companies -- as long as they're the right ones. That's why we've compiled a special report on "3 American Companies Set to Dominate the World." Click here for instant access to this free report.
- Add Black Diamond to My Watchlist.
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.