CorVel Misses Where It Counts
CorVel (NAS: CRVL) reported earnings on May 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), CorVel met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.
Gross margins shrank, operating margins dropped, and net margins expanded.
CorVel logged revenue of $104.4 million. The one analyst polled by S&P Capital IQ wanted to see sales of $105.2 million on the same basis. GAAP reported sales were 3.9% higher than the prior-year quarter's $100.5 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 $0.44. The one earnings estimate compiled by S&P Capital IQ averaged $0.70 per share. GAAP EPS of $0.44 for Q4 were 100% 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 20.6%, 500 basis points worse than the prior-year quarter. Operating margin was 7.9%, 290 basis points worse than the prior-year quarter. Net margin was 4.9%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $107.2 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $441.2 million. The average EPS estimate is $2.69.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 50 members out of 58 rating the stock outperform, and eight members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give CorVel a green thumbs-up, and two give it a red thumbs-down.
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At the time this article was published 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. 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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