The 10-second takeaway
For the quarter ended June 30 (Q1), Ryanair Holdings missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Ryanair Holdings notched revenue of $1.63 billion. The three analysts polled by S&P Capital IQ predicted a top line of $1.68 billion on the same basis. GAAP reported sales were 3.0% lower than the prior-year quarter's $1.68 billion.
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 $0.09. The one earnings estimate compiled by S&P Capital IQ anticipated $0.60 per share. GAAP EPS of $0.09 for Q1 were 36% lower than the prior-year quarter's $0.14 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 20.9%, 430 basis points worse than the prior-year quarter. Operating margin was 10.3%, 440 basis points worse than the prior-year quarter. Net margin was 7.7%, 440 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.15 billion. On the bottom line, the average EPS estimate is $1.98.
Next year's average estimate for revenue is $5.81 billion. The average EPS estimate is $2.08.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ryanair Holdings is outperform, with an average price target of $39.58.
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