ICG Group Beats Expectations But Takes A Step Back Anyway
Feb 22nd 2013 12:05PM
Updated Feb 22nd 2013 12:25PM
ICG Group (NAS: ICGE) reported earnings on Feb. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ICG Group whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted significantly.
Margins dropped across the board.
ICG Group chalked up revenue of $43.6 million. The four analysts polled by S&P Capital IQ hoped for a top line of $52.6 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $36.1 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 $0.40. The four earnings estimates compiled by S&P Capital IQ forecast -$0.20 per share. Non-GAAP EPS of $0.40 for Q4 were 18% lower than the prior-year quarter's $0.49 per share. GAAP EPS of $0.41 for Q4 were 16% lower than the prior-year quarter's $0.49 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 34.8%, 520 basis points worse than the prior-year quarter. Operating margin was -17.3%, much worse than the prior-year quarter. Net margin was 33.6%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $53.8 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $227.5 million. The average EPS estimate is -$0.59.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 56 members out of 68 rating the stock outperform, and 12 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give ICG Group a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICG Group is buy, with an average price target of $14.25.
Looking for alternatives to ICG Group? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add ICG Group to My Watchlist.
The article ICG Group Beats Expectations But Takes A Step Back Anyway 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.