Kennedy-Wilson Holdings Increases Sales but Misses Estimates on Earnings
Kennedy-Wilson Holdings (NYS: KW) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Kennedy-Wilson Holdings whiffed on both revenue and earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share increased.
Gross margin grew, operating margin expanded, and net margin contracted.
Kennedy-Wilson Holdings reported revenue of $11.8 million. The four analysts polled by S&P Capital IQ predicted a top line of $17.1 million on the same basis. GAAP-reported sales were 36% higher than the prior-year quarter's $8.7 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 -$0.06. The three earnings estimates compiled by S&P Capital IQ averaged $0.01 per share. GAAP EPS were -$0.07 for Q1 against -$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 92.6%, 920 basis points better than the prior-year quarter. Operating margin was -30.5%, 1,300 basis points better than the prior-year quarter. Net margin was -11.1%, 2,300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $15.9 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $63.5 million. The average EPS estimate is -$0.38.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kennedy-Wilson Holdings is outperform, with an average price target of $17.63.
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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.