Town Sports International Holdings (Nasdaq: CLUB ) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Town Sports International Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share increased significantly.
Margins expanded across the board.
Town Sports International Holdings reported revenue of $119.6 million. The four analysts polled by S&P Capital IQ wanted to see net sales of $119.4 million on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $116.1 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 $0.15. The four earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS of $0.13 for Q3 were 63% higher than the prior-year quarter's $0.08 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 61.3%, 50 basis points better than the prior-year quarter. Operating margin was 9.9%, 250 basis points better than the prior-year quarter. Net margin was 2.6%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $117.7 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $482.3 million. The average EPS estimate is $0.68.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 60 members out of 78 rating the stock outperform, and 18 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Town Sports International Holdings a green thumbs-up, and seven 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 $16.67.
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