The 10-second takeaway
For the quarter ended March 31 (Q1), Gaylord Entertainment beat expectations on revenues and earnings per share.
Compared with the prior-year quarter, revenue grew and GAAP earnings per share improved.
Margins expanded across the board.
Gaylord Entertainment logged revenue of $238.9 million. The 10 analysts polled by S&P Capital IQ hoped for revenue of $230.2 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $220.7 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 $0.12. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.06 per share. GAAP EPS were $0.12 for Q1 compared to -$0.04 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 43.5%, 420 basis points better than the prior-year quarter. Operating margin was 9.1%, 240 basis points better than the prior-year quarter. Net margin was 2.5%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $246.9 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $0.72.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 60 members out of 130 rating the stock outperform, and 70 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Gaylord Entertainment 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 Gaylord Entertainment is outperform, with an average price target of $33.21.
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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. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.