Hawaiian Holdings Beats on EPS but GAAP Results Lag
Hawaiian Holdings (NAS: HA) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hawaiian Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins improved, and net margins dropped.
Hawaiian Holdings tallied revenue of $434.0 million. The seven analysts polled by S&P Capital IQ expected revenue of $431.9 million. Sales were 26% higher than the prior-year quarter's $343.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.31. The eight earnings estimates compiled by S&P Capital IQ predicted $0.28 per share on the same basis. GAAP EPS of $0.40 for Q4 were 71% lower than the prior-year quarter's $1.36 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 25.2%, 110 basis points better than the prior-year quarter. Operating margin was 7.9%, 20 basis points better than the prior-year quarter. Net margin was 4.8%, 1,570 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $441.7 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $1.97 billion. The average EPS estimate is $1.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 183 members out of 222 rating the stock outperform, and 39 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Hawaiian Holdings a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hawaiian Holdings is outperform, with an average price target of $9.25.
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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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