Westwood Holdings Group Beats on Both Top and Bottom Lines
Feb 7th 2013 10:05PM
Updated Feb 8th 2013 7:20AM
Westwood Holdings Group (NYS: WHG) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Westwood Holdings Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share shrank.
Margins shrank across the board.
Westwood Holdings Group notched revenue of $20.6 million. The one analyst polled by S&P Capital IQ predicted revenue of $19.4 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $17.0 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 $0.49. The one earnings estimate compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS of $0.49 for Q4 were 14% lower than the prior-year quarter's $0.57 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 44.3%, 860 basis points worse than the prior-year quarter. Operating margin was 28.4%, 850 basis points worse than the prior-year quarter. Net margin was 17.5%, 670 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $19.6 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $83.9 million. The average EPS estimate is $1.67.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 146 members out of 153 rating the stock outperform, and seven members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Westwood Holdings Group a green thumbs-up, and one give it a red thumbs-down.
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The article Westwood Holdings Group 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. 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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