Home Inns & Hotels Management Goes Negative
Home Inns & Hotels Management (NAS: HMIN) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Home Inns & Hotels Management beat expectations on revenues and met expectations on earnings per share.
Compared with the prior-year quarter, revenue expanded significantly and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
Home Inns & Hotels Management booked revenue of $187.2 million. The eight analysts polled by S&P Capital IQ expected a top line of $177.6 million on the same basis. GAAP reported sales were 72% higher than the prior-year quarter's $115.5 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 -$0.04. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.04 per share. GAAP EPS were -$0.36 for Q1 versus $0.02 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 24.6%, 840 basis points worse than the prior-year quarter. Operating margin was -3.1%, 880 basis points worse than the prior-year quarter. Net margin was -8.2%, 1,250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $209.5 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $859.6 million. The average EPS estimate is $0.69.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 479 members out of 544 rating the stock outperform, and 65 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Home Inns & Hotels Management a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Home Inns & Hotels Management is outperform, with an average price target of $40.06.
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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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