Consolidated Tomoka L Beats on the Top Line

Consolidated Tomoka L (AMEX: CTO) reported earnings on Feb. 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Consolidated Tomoka L beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share contracted. GAAP earnings per share grew.

Margins grew across the board.

Revenue details
Consolidated Tomoka L tallied revenue of $4.3 million. The one analyst polled by S&P Capital IQ expected to see revenue of $4.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $3.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.01. The one earnings estimate compiled by S&P Capital IQ anticipated $0.05 per share. Non-GAAP EPS were -$0.01 for Q4 versus -$0.12 per share for the prior-year quarter. GAAP EPS were $0.01 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.

Margin details
For the quarter, gross margin was 64.7%, much better than the prior-year quarter. Operating margin was 13.5%, much better than the prior-year quarter. Net margin was 1.4%, much better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $4.3 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $17.2 million. The average EPS estimate is $0.36.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 49 members out of 73 rating the stock outperform, and 24 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Consolidated Tomoka L a green thumbs-up, and six give it a red thumbs-down.

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