CTC Media Goes Red

Seth Jayson, The Motley Fool
Updated

CTC Media (NAS: CTCM) reported earnings on Feb. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CTC Media beat slightly on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.

Gross margin increased, operating margin contracted, and net margin contracted.

Revenue details
CTC Media chalked up revenue of $236.8 million. The three analysts polled by S&P Capital IQ predicted revenue of $232.6 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $222.3 million.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.39. The one earnings estimate compiled by S&P Capital IQ forecast $0.37 per share on the same basis. GAAP EPS were -$0.16 for Q4 compared to $0.48 per share for the prior-year quarter.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 95.3%, 90 basis points better than the prior-year quarter. Operating margin was 37.2%, 1,750 basis points worse than the prior-year quarter. Net margin was -10.4%, 4,430 basis points worse than the prior-year quarter.

Looking ahead
Next year's average estimate for revenue is $816.0 million. The average EPS estimate is $1.05.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 178 members out of 194 rating the stock outperform, and 16 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give CTC Media a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CTC Media is outperform, with an average price target of $15.78.

Can your portfolio provide you with enough income to last through retirement? You'll need more than CTC Media. Learn how to maximize your investment income in our free report: "Secure Your Future With 11 Rock-Solid Dividend Stocks." Click here for instant access to this free report.

  • Add CTC Media to My Watchlist.

At the time thisarticle 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement