Marcus Beats on the Top Line
Marcus (NYS: MCS) reported earnings on March 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Feb. 23 (Q3), Marcus missed slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved.
Margins improved across the board.
Marcus reported revenue of $92.1 million. The one analyst polled by S&P Capital IQ anticipated revenue of $93.7 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $84.0 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 $0.03. The one earnings estimate compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS were $0.03 for Q3, versus -$0.07 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 44.1%, 240 basis points better than the prior-year quarter. Operating margin was 4.4%, 430 basis points better than the prior-year quarter. Net margin was 0.8%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $106.6 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $412.7 million. The average EPS estimate is $0.71.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 37 members rating the stock outperform and two members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 10 give Marcus a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marcus is buy, with an average price target of $15.00.
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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.