The 10-second takeaway
For the quarter ended June 30 (Q2), Ctrip.com International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Ctrip.com International logged revenue of $153.3 million. The 15 analysts polled by S&P Capital IQ hoped for revenue of $154.2 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $128.8 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 $0.24. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.13 for Q2 were 52% lower than the prior-year quarter's $0.27 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 75.2%, 200 basis points worse than the prior-year quarter. Operating margin was 17.3%, 1,490 basis points worse than the prior-year quarter. Net margin was 12.3%, 1,940 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $182.6 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $659.7 million. The average EPS estimate is $1.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,097 members out of 4,289 rating the stock outperform, and 192 members rating it underperform. Among 1,024 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 969 give Ctrip.com International a green thumbs-up, and 55 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 $21.87.
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