Isle of Capri Casinos Beats on Both Top and Bottom Lines
Isle of Capri Casinos (NAS: ISLE) reported earnings on June 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 29 (Q4), Isle of Capri Casinos beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Isle of Capri Casinos booked revenue of $291.0 million. The eight analysts polled by S&P Capital IQ looked for revenue of $272.9 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $274.4 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 $0.38. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.29 per share. GAAP EPS were -$3.21 for Q4 versus $0.28 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 50.7%, 2,350 basis points worse than the prior-year quarter. Operating margin was 9.0%, 520 basis points worse than the prior-year quarter. Net margin was -42.9%, 4,690 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $258.0 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 99 members out of 153 rating the stock outperform, and 54 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Isle of Capri Casinos a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Isle of Capri Casinos is outperform, with an average price target of $7.36.
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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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