Cablevision Systems (NYS: CVC) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Cablevision Systems missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Cablevision Systems tallied revenue of $1.52 billion. The 15 analysts polled by S&P Capital IQ expected a top line of $1.55 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.06. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS were -$0.06 for Q1 versus $0.21 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 47.3%, 540 basis points worse than the prior-year quarter. Operating margin was 6.6%, 950 basis points worse than the prior-year quarter. Net margin was -1.1%, 480 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.59 billion. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $6.35 billion. The average EPS estimate is $0.24.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 110 members out of 177 rating the stock outperform, and 67 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Cablevision Systems a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cablevision Systems is hold, with an average price target of $15.39.
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The article Cablevision Systems Goes Red originally appeared on Fool.com.
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