Ctrip.com International
The 10-second takeaway
For the quarter ended March 31 (Q1), Ctrip.com International met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, while GAAP earnings per share dropped sharply.
Margins shrank across the board.
Revenue details
Ctrip.com International logged revenue of $144.6 million. The 11 analysts polled by S&P Capital IQ hoped for a top line of $143.9 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $116.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.28. The eight earnings estimates compiled by S&P Capital IQ averaged $0.26 per share. GAAP EPS of $0.18 for Q1 were 25% lower than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 75.2%, 330 basis points worse than the prior-year quarter. Operating margin was 19.4%, 1,500 basis points worse than the prior-year quarter. Net margin was 18.6%, 1,210 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $156.9 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $667.3 million. The average EPS estimate is $1.18.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,109 members rating the stock outperform and 172 members rating it underperform. Among 1,129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,088 give Ctrip.com International a green thumbs-up, and 41 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ctrip.com International is hold, with an average price target of $26.55.
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