Lincare Holdings Beats Analyst Estimates on EPS
Lincare Holdings (NAS: LNCR) reported earnings on April 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Lincare Holdings met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased.
Margins shrank across the board.
Lincare Holdings booked revenue of $500.9 million. The eight analysts polled by S&P Capital IQ expected revenue of $500.8 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $431.6 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 $0.54. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.53 per share. GAAP EPS of $0.54 for Q1 were 10% higher than the prior-year quarter's $0.49 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 44.4%, 680 basis points worse than the prior-year quarter. Operating margin was 17.2%, 240 basis points worse than the prior-year quarter. Net margin was 9.3%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $508.4 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $2.05 billion. The average EPS estimate is $2.27.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 125 members out of 149 rating the stock outperform, and 25 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Lincare Holdings a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lincare Holdings is hold, with an average price target of $28.27.
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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.