The 10-second takeaway
For the quarter ended June 30 (Q2), Ctrip.com International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Gross margins were steady, operating margins grew, net margins increased.
Ctrip.com International chalked up revenue of $202.8 million. The 11 analysts polled by S&P Capital IQ wanted to see a top line of $192.7 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $153.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.36. The eight earnings estimates compiled by S&P Capital IQ predicted $0.29 per share. Non-GAAP EPS of $0.36 for Q2 were 50% higher than the prior-year quarter's $0.24 per share. GAAP EPS of $0.24 for Q2 were 85% higher than the prior-year quarter's $0.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 75.2%, much about the same as the prior-year quarter. Operating margin was 17.7%, 40 basis points better than the prior-year quarter. Net margin was 16.9%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $231.3 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $834.8 million. The average EPS estimate is $1.23.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,987 members out of 4,155 rating the stock outperform, and 168 members rating it underperform. Among 1,073 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,037 give Ctrip.com International a green thumbs-up, and 36 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ctrip.com International is outperform, with an average price target of $29.50.
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