The 10-second takeaway
For the quarter ended March 31 (Q1), Kennedy-Wilson Holdings whiffed on both revenue and earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share increased.
Gross margin grew, operating margin expanded, and net margin contracted.
Kennedy-Wilson Holdings reported revenue of $11.8 million. The four analysts polled by S&P Capital IQ predicted a top line of $17.1 million on the same basis. GAAP-reported sales were 36% higher than the prior-year quarter's $8.7 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 -$0.06. The three earnings estimates compiled by S&P Capital IQ averaged $0.01 per share. GAAP EPS were -$0.07 for Q1 against -$0.02 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 92.6%, 920 basis points better than the prior-year quarter. Operating margin was -30.5%, 1,300 basis points better than the prior-year quarter. Net margin was -11.1%, 2,300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $15.9 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $63.5 million. The average EPS estimate is -$0.38.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kennedy-Wilson Holdings is outperform, with an average price target of $17.63.
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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. 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.