Hawaiian Holdings Beats Up on Analysts Yet Again
Hawaiian Holdings (NAS: HA) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Hawaiian Holdings met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share grew significantly. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Margins increased across the board.
Hawaiian Holdings booked revenue of $435.5 million. The seven analysts polled by S&P Capital IQ foresaw a top line of $435.1 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $365.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.06. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share on the same basis. GAAP EPS of $0.14 for Q1 were much higher than the prior-year quarter's $0.02 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 22.3%, 410 basis points better than the prior-year quarter. Operating margin was 3.0%, 210 basis points better than the prior-year quarter. Net margin was 1.7%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $489.1 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $2.06 billion. The average EPS estimate is $1.25.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 181 members out of 222 rating the stock outperform, and 41 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Hawaiian Holdings a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hawaiian Holdings is outperform, with an average price target of $9.08.
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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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