Town Sports International Holdings (NAS: CLUB) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Town Sports International Holdings met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share grew.
Gross margins contracted, operating margins shrank, net margins grew.
Town Sports International Holdings booked revenue of $120.1 million. The four analysts polled by S&P Capital IQ foresaw net sales of $120.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.19. The three earnings estimates compiled by S&P Capital IQ averaged $0.19 per share. Non-GAAP EPS of $0.19 for Q2 were 17% lower than the prior-year quarter's $0.23 per share. GAAP EPS of $0.25 for Q2 were 8.7% higher than the prior-year quarter's $0.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.3%, 20 basis points worse than the prior-year quarter. Operating margin was 10.5%, 80 basis points worse than the prior-year quarter. Net margin was 5.2%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $119.3 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $475.8 million. The average EPS estimate is $0.70.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 60 members out of 74 rating the stock outperform, and 14 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Town Sports International Holdings a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Town Sports International Holdings is outperform, with an average price target of $12.25.
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The article Golf Clap for Town Sports International Holdings originally appeared on Fool.com.
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