Regal Entertainment Group
The 10-second takeaway
For the quarter ended March 28 (Q1), Regal Entertainment Group met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share shrank significantly. GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins shrank, net margins shrank.
Regal Entertainment Group booked revenue of $642.8 million. The 15 analysts polled by S&P Capital IQ expected a top line of $649.4 million on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $684.9 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 $0.13. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.15 per share. Non-GAAP EPS of $0.13 for Q1 were 57% lower than the prior-year quarter's $0.30 per share. GAAP EPS of $0.14 for Q1 were 53% lower than the prior-year quarter's $0.30 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 62.7%, 70 basis points better than the prior-year quarter. Operating margin was 8.5%, 480 basis points worse than the prior-year quarter. Net margin was 3.5%, 330 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $810.6 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $3.01 billion. The average EPS estimate is $0.96.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 152 members out of 197 rating the stock outperform, and 45 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Regal Entertainment Group a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regal Entertainment Group is hold, with an average price target of $17.15.
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