The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Ctrip.com International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Ctrip.com International booked revenue of $186.6 million. The 13 analysts polled by S&P Capital IQ expected net sales of $179.7 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $152.7 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 $0.35. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.30 per share. GAAP EPS of $0.22 for Q3 were 33% lower than the prior-year quarter's $0.33 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 75.6%, 120 basis points worse than the prior-year quarter. Operating margin was 16.2%, 1,500 basis points worse than the prior-year quarter. Net margin was 16.5%, 1,690 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $169.6 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $653.1 million. The average EPS estimate is $1.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,069 members out of 4,237 rating the stock outperform, and 168 members rating it underperform. Among 1,076 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,039 give Ctrip.com International a green thumbs-up, and 37 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ctrip.com International is hold, with an average price target of $17.96.
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