Equity LifeStyle Properties Increases Sales but Misses Estimates on Earnings
Equity LifeStyle Properties (NYS: ELS) reported earnings on Jan. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Equity LifeStyle Properties beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and earnings per share shrank to zero.
Gross margins grew, operating margins dropped, and net margins contracted.
Equity LifeStyle Properties logged revenue of $159 million. The four analysts polled by S&P Capital IQ expected a top line of $143 million. Sales were 33% higher than the prior-year quarter's $121 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0. The three earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS were $0 for Q4 versus $0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 53.4%, 360 basis points better than the prior-year quarter. Operating margin was 21.5%, 730 basis points worse than the prior-year quarter. Net margin was -0.1%, 490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $153 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $606 million. The average EPS estimate is $1.42.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 23 members out of 95 rating the stock outperform, and 72 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Equity LifeStyle Properties a green thumbs-up, and 32 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Equity LifeStyle Properties is outperform, with an average price target of $70.40.
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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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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