E-House (China) Holdings
The 10-second takeaway
For the quarter ended June 30 (Q2), E-House (China) Holdings beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share shrank. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Gross margins dropped, operating margins shrank, net margins grew.
E-House (China) Holdings logged revenue of $114.1 million. The five analysts polled by S&P Capital IQ foresaw a top line of $101.6 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $91.6 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 $0.06. The four earnings estimates compiled by S&P Capital IQ forecast -$0.02 per share. GAAP EPS were -$0.07 for Q2 versus -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 56.3%, 590 basis points worse than the prior-year quarter. Operating margin was -17.4%, 1,060 basis points worse than the prior-year quarter. Net margin was -6.8%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $141.2 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $479.8 million. The average EPS estimate is $0.25.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 570 members out of 607 rating the stock outperform, and 37 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give E-House (China) Holdings a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on E-House (China) Holdings is outperform, with an average price target of $7.98.
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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.