Stewart Information Services (NYS: STC) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Stewart Information Services beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
Stewart Information Services tallied revenue of $520.7 million. The one analyst polled by S&P Capital IQ wanted to see a top line of $441.9 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $418.5 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 $1.45. The one earnings estimate compiled by S&P Capital IQ anticipated $0.56 per share. GAAP EPS of $1.42 for Q3 were much higher than the prior-year quarter's $0.22 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 48.9%, 230 basis points better than the prior-year quarter. Operating margin was 7.8%, 560 basis points better than the prior-year quarter. Net margin was 6.7%, 560 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $367.5 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $1.68 billion. The average EPS estimate is $1.49.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 143 members out of 164 rating the stock outperform, and 21 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Stewart Information Services a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stewart Information Services is hold, with an average price target of $18.00.
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The article Stewart Information Services Beats on the Top Line originally appeared on Fool.com.
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