The 10-second takeaway
For the quarter ended June 30 (Q2), Gaylord Entertainment beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share stayed the same.
Gross margins improved, operating margins dropped, net margins dropped.
Gaylord Entertainment chalked up revenue of $253.2 million. The 11 analysts polled by S&P Capital IQ expected to see net sales of $248.9 million on the same basis. GAAP reported sales were 6.9% higher than the prior-year quarter's $236.8 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 $0.17. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.30 per share. GAAP EPS of $0.17 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.
For the quarter, gross margin was 45.0%, 110 basis points better than the prior-year quarter. Operating margin was 12.6%, 80 basis points worse than the prior-year quarter. Net margin was 3.5%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $237.7 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $0.79.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 66 members out of 134 rating the stock outperform, and 68 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Gaylord Entertainment a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gaylord Entertainment is outperform, with an average price target of $39.86.
- Add Gaylord Entertainment to My Watchlist.