Fisher Communications Misses Where it Counts

Seth Jayson, The Motley Fool
Updated

Fisher Communications (NAS: FSCI) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Fisher Communications met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.


Margins shrank across the board.

Revenue details
 Fisher Communications reported revenue of $42.1 million. The one analyst polled by S&P Capital IQ expected a top line of $41.9 million 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 details
 EPS came in at $0.31. The one earnings estimate compiled by S&P Capital IQ averaged $0.39 per share. Non-GAAP EPS of $0.31 for Q2 were 35% lower than the prior-year quarter's $0.48 per share. GAAP EPS of $0.05 for Q2 were 90% lower than the prior-year quarter's $0.48 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 57.8%, 450 basis points worse than the prior-year quarter. Operating margin was 1.9%, much worse than the prior-year quarter. Net margin was 1.0%, 910 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $36.7 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $157.6 million. The average EPS estimate is $0.73.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 22 members out of 31 rating the stock outperform, and nine members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Fisher Communications a green thumbs-up, and three give it a red thumbs-down.

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The article Fisher Communications Misses Where it Counts 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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