FLY Leasing Beats on the Top Line
Jul 26th 2012 12:46PM
Updated Jul 26th 2012 12:50PM
FLY Leasing (NYSE: FLY ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), FLY Leasing crushed expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins increased across the board.
FLY Leasing notched revenue of $110.9 million. The four analysts polled by S&P Capital IQ predicted a top line of $92.0 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $54.2 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 $1.19. The five earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.99 for Q2 were much higher than the prior-year quarter's $0.16 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 98.4%, 320 basis points better than the prior-year quarter. Operating margin was 59.0%, 1,760 basis points better than the prior-year quarter. Net margin was 23.2%, 1,560 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $91.8 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $380.5 million. The average EPS estimate is $1.65.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 254 members out of 264 rating the stock outperform, and 10 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give FLY Leasing a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FLY Leasing is hold, with an average price target of $14.50.
Can your portfolio provide you with enough income to last through retirement? You'll need more than FLY Leasing. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add FLY Leasing to My Watchlist.