Wyndham Worldwide (NYSE: WYN ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Wyndham Worldwide met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased significantly. GAAP earnings per share shrank.
Margins dropped across the board.
Wyndham Worldwide notched revenue of $1.13 billion. The 11 analysts polled by S&P Capital IQ predicted sales of $1.12 billion on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $1.04 billion.
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 $0.71. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.67 per share. Non-GAAP EPS of $0.71 for Q1 were 18% higher than the prior-year quarter's $0.60 per share. GAAP EPS of $0.19 for Q1 were 9.5% lower than the prior-year quarter's $0.21 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 50.7%, 170 basis points worse than the prior-year quarter. Operating margin was 16.0%, 120 basis points worse than the prior-year quarter. Net margin was 2.4%, 70 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.25 billion. On the bottom line, the average EPS estimate is $0.95.
Next year's average estimate for revenue is $4.95 billion. The average EPS estimate is $3.75.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wyndham Worldwide is outperform, with an average price target of $67.50.
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