Gaylord Entertainment Beats on Both Top and Bottom Lines
Gaylord Entertainment (NYS: GET) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Gaylord Entertainment beat expectations on revenues and earnings per share.
Compared with the prior-year quarter, revenue grew and GAAP earnings per share improved.
Margins expanded across the board.
Gaylord Entertainment logged revenue of $238.9 million. The 10 analysts polled by S&P Capital IQ hoped for revenue of $230.2 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $220.7 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 $0.12. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.06 per share. GAAP EPS were $0.12 for Q1 compared to -$0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.5%, 420 basis points better than the prior-year quarter. Operating margin was 9.1%, 240 basis points better than the prior-year quarter. Net margin was 2.5%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $246.9 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $0.72.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 60 members out of 130 rating the stock outperform, and 70 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Gaylord Entertainment a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gaylord Entertainment is outperform, with an average price target of $33.21.
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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. He is the 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 don't 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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