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.
Over the decades, small-cap stocks like Kennedy-Wilson Holdings have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: 2 Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Kennedy-Wilson Holdings to My Watchlist.