The 10-second takeaway
For the quarter ended June 30 (Q2), Wyndham Worldwide beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share expanded.
Margins dropped across the board.
Wyndham Worldwide logged revenue of $1.25 billion. The 11 analysts polled by S&P Capital IQ looked for sales of $1.24 billion on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $1.14 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 $0.98. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.91 per share. GAAP EPS of $0.98 for Q2 were 11% higher than the prior-year quarter's $0.88 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 52.1%, 260 basis points worse than the prior-year quarter. Operating margin was 19.2%, 110 basis points worse than the prior-year quarter. Net margin was 10.6%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.41 billion. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $4.96 billion. The average EPS estimate is $3.71.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wyndham Worldwide is outperform, with an average price target of $68.93.
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