RealD Beats on Both Top and Bottom Lines
Jun 1st 2012 12:57PM
Updated Jun 8th 2013 9:30AM
RealD (NYS: RLD) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), RealD beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
RealD recorded revenue of $45.4 million. The eight analysts polled by S&P Capital IQ predicted revenue of $42.6 million on the same basis. GAAP reported sales were 9.2% lower than the prior-year quarter's $50.0 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 -$0.09. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.19 per share. GAAP EPS were -$0.09 for Q4 compared to $0.10 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 44.6%, much worse than the prior-year quarter. Operating margin was -6.0%, much worse than the prior-year quarter. Net margin was -9.5%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $64.3 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $234.2 million. The average EPS estimate is -$0.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 63 members out of 88 rating the stock outperform, and 25 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give RealD a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RealD is outperform, with an average price target of $14.10.
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The article RealD 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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere
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