E-House (China) Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), E-House (China) Holdings whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share improved.
Margins shrank across the board.
E-House (China) Holdings notched revenue of $59.1 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $86.1 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $83.3 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 -$0.21. The three earnings estimates compiled by S&P Capital IQ predicted -$0.16 per share. GAAP EPS were -$0.33 for Q1 compared to -$0.01 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 36.3%, 3,070 basis points worse than the prior-year quarter. Operating margin was -92.3%, 8,950 basis points worse than the prior-year quarter. Net margin was -43.8%, 4,320 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $106.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $493.4 million. The average EPS estimate is $0.44.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 573 members out of 608 rating the stock outperform, and 35 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give E-House (China) Holdings a green thumbs-up, and 14 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 $7.69.
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