Saga Communications Beats on Both Top and Bottom Lines
Saga Communications (AMEX: SGA) reported earnings on March 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Saga Communications beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew.
Margins grew across the board.
Saga Communications chalked up revenue of $35.5 million. The two analysts polled by S&P Capital IQ anticipated sales of $34.7 million on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $32.9 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 $1.02. The two earnings estimates compiled by S&P Capital IQ averaged $0.94 per share. Non-GAAP EPS of $1.02 for Q4 were 40% higher than the prior-year quarter's $0.73 per share. GAAP EPS of $0.76 for Q4 were 4.1% higher than the prior-year quarter's $0.73 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 33.6%, 490 basis points better than the prior-year quarter. Operating margin was 27.5%, 400 basis points better than the prior-year quarter. Net margin was 16.2%, 370 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $29.2 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $127.9 million. The average EPS estimate is $2.90.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 19 members out of 25 rating the stock outperform, and six members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Saga Communications a green thumbs-up, and one give it a red thumbs-down.
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The article Saga Communications Beats on Both Top and Bottom Lines 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 position in any of the stocks mentioned. 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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