Kennedy-Wilson Holdings Misses on Both Revenue and Earnings

Seth Jayson, The Motley Fool
Updated

Kennedy-Wilson Holdings (NYS: KW) reported earnings on Aug. 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Kennedy-Wilson Holdings missed slightly on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share was unchanged.


Gross margins improved, operating margins grew, net margins shrank.

Revenue details
 Kennedy-Wilson Holdings recorded revenue of $14.1 million. The four analysts polled by S&P Capital IQ anticipated revenue of $14.3 million on the same basis. GAAP reported sales were 66% higher than the prior-year quarter's $8.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at -$0.06. The four earnings estimates compiled by S&P Capital IQ averaged -$0.04 per share. GAAP EPS of -$0.06 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 93.5%, 970 basis points better than the prior-year quarter. Operating margin was -30.5%, 2,390 basis points better than the prior-year quarter. Net margin was -8.0%, 1,050 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $15.7 million. On the bottom line, the average EPS estimate is -$0.04.

Next year's average estimate for revenue is $58.7 million. The average EPS estimate is -$0.16.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kennedy-Wilson Holdings is buy, with an average price target of $18.50.

The article Kennedy-Wilson Holdings Misses on Both Revenue and Earnings originally appeared on Fool.com.

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. The Motley Fool has no positions in the stocks mentioned above. 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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