The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Kennedy-Wilson Holdings met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Gross margins increased, operating margins shrank, net margins grew.
Kennedy-Wilson Holdings reported revenue of $15.2 million. The four analysts polled by S&P Capital IQ predicted a top line of $15.2 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $12.8 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 -$0.11. The four earnings estimates compiled by S&P Capital IQ averaged -$0.08 per share. GAAP EPS were -$0.11 for Q3 against -$0.16 per share for 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 91.6%, 1,380 basis points better than the prior-year quarter. Operating margin was -36.9%, 1,500 basis points worse than the prior-year quarter. Net margin was -27.6%, 1,020 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $15.9 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $56.9 million. The average EPS estimate is -$0.24.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kennedy-Wilson Holdings is buy, with an average price target of $19.20.
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