E-House (China) Holdings Whiffs on Revenues
E-House (China) Holdings (NYS: EJ) reported earnings on May 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), E-House (China) Holdings whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share improved.
Margins shrank across the board.
E-House (China) Holdings notched revenue of $59.1 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $86.1 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $83.3 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 -$0.21. The three earnings estimates compiled by S&P Capital IQ predicted -$0.16 per share. GAAP EPS were -$0.33 for Q1 compared to -$0.01 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 36.3%, 3,070 basis points worse than the prior-year quarter. Operating margin was -92.3%, 8,950 basis points worse than the prior-year quarter. Net margin was -43.8%, 4,320 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $106.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $493.4 million. The average EPS estimate is $0.44.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 573 members out of 608 rating the stock outperform, and 35 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give E-House (China) Holdings a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on E-House (China) Holdings is outperform, with an average price target of $7.69.
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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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