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Kennedy-Wilson Holdings Meets on Revenues, Misses on EPS

Kennedy-Wilson Holdings (NYSE: KW  ) reported earnings on Nov. 6. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.

Looking ahead
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.

Investor sentiment

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.

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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. 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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