Boston Omaha Reports Revenues above Expectations, But Earnings Miss Mark
May 13, 2023
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Boston Omaha ($NYSE:BOC) Corporation, a publicly traded holding company, recently released its earnings report, which showed revenues exceeding analyst expectations while the earnings per share (EPS) missed the mark. According to the report compiled using Generally Accepted Accounting Principles (GAAP), Boston Omaha’s revenue of $22.82M exceeded forecasts by $1.02M.
However, its EPS of -$0.11 fell short of expectations by $0.05. The company invests in a variety of businesses, including insurance, real estate, transportation and financial services. Boston Omaha has long been a favorite of investors due to its diverse portfolio of investments and its commitment to shareholder value. While Boston Omaha’s revenues have been higher than predicted, its earnings have been lower than expected for the past few quarters. Investors will be closely monitoring the company’s performance in the coming quarters to determine if the recent miss was an aberration or a sign of more difficult times ahead.
Share Price
On Friday, BOSTON OMAHA reported revenues above expectations, but earnings missed the mark. BOSTON OMAHA stock opened at $20.2 and closed at $20.2, up by 0.8% from the previous closing price of 20.0. Despite the miss in earnings, investors were buoyed by the better than expected revenues and were able to push the stock price up slightly. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boston Omaha. More…
| Total Revenues | Net Income | Net Margin |
| 81.23 | 7.14 | 0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boston Omaha. More…
| Operations | Investing | Financing |
| -5.17 | 87.86 | -109.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boston Omaha. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 683.72 | 157.07 | 16.95 |
Key Ratios Snapshot
Some of the financial key ratios for Boston Omaha are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.2% | – | 6.2% |
| FCF Margin | ROE | ROA |
| -55.7% | 0.6% | 0.5% |
Analysis
GoodWhale’s analysis of BOSTON OMAHA‘s financials has revealed a strong growth profile, medium asset strength and relatively weak dividend and profitability. Based on this performance, we have classified BOSTON OMAHA as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This makes BOSTON OMAHA an attractive option for investors who are willing to take a risk on potentially higher returns. BOSTON OMAHA also has an intermediate health score of 6/10 with regard to its cashflows and debt, suggesting that it is likely to pay off debt and fund future operations. More…
Peers
The competition between Boston Omaha Corp and its competitors is fierce. Each company is vying for a share of the market, and each has its own strengths and weaknesses. Innocean Worldwide Inc is a large company with a strong presence in the market. Domain Holdings Australia Ltd is a small company with a niche market. Nestbuilder.com Corp is a new company with a innovative product.
– Innocean Worldwide Inc ($KOSE:214320)
Innocean Worldwide Inc is a South Korean advertising agency. The company has a market cap of 843B as of 2022 and a Return on Equity of 9.71%. Innocean Worldwide Inc specializes in creating and executing integrated marketing campaigns for its clients. The company has a strong focus on digital marketing and has a team of experienced professionals who are experts in this field. Innocean Worldwide Inc has a wide range of clients, both in Korea and internationally, and has a proven track record of delivering successful campaigns.
– Domain Holdings Australia Ltd ($ASX:DHG)
Domain Holdings Australia Ltd is a digital media and services company. The company focuses on delivering an integrated suite of products and services that enable people to connect with each other and with the places they live, work and visit. Domain Holdings Australia Ltd has a market cap of 1.95B as of 2022, a Return on Equity of 4.18%. The company’s products and services include digital marketing, web design and development, and online advertising.
– Nestbuilder.com Corp ($OTCPK:NBLD)
Nestbuilder.com Corp is a company that provides online real estate services. The company has a market capitalization of 231.44k and a return on equity of -8065.9%. The company offers a variety of services including listings, home buying and selling tips, and mortgage information.
Summary
This is the latest in a series of positive earnings reports from the company and suggests that its financial performance is trending in a positive direction. Investors should continue to closely monitor Boston Omaha‘s financial performance going forward and consider adding it to their portfolios if it fits their risk/return profile.
