Windstream (NAS: WIN) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Windstream met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Windstream recorded revenue of $1.54 billion. The 12 analysts polled by S&P Capital IQ expected revenue of $1.54 billion on the same basis. GAAP reported sales were 49% higher than the prior-year quarter's $1.03 billion.
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 $0.12. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.12 per share. GAAP EPS of $0.09 for Q2 were 50% lower than the prior-year quarter's $0.18 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 53.8%, 740 basis points worse than the prior-year quarter. Operating margin was 17.5%, 1,140 basis points worse than the prior-year quarter. Net margin was 3.5%, 550 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.54 billion. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $6.19 billion. The average EPS estimate is $0.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Windstream is outperform, with an average price target of $11.52.
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The article Windstream Hits Estimates, but GAAP Results Lag Last Year's originally appeared on Fool.com.
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. The Motley Fool has no positions in the stocks mentioned above. 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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