Giant Interactive Group
The 10-second takeaway
For the quarter ended June 30 (Q2), Giant Interactive Group 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 grew significantly.
Margins improved across the board.
Giant Interactive Group tallied revenue of $82.9 million. The 10 analysts polled by S&P Capital IQ foresaw sales of $83.5 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $67.5 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 $0.22. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share. GAAP EPS of $0.20 for Q2 were much higher than the prior-year quarter's $0.01 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 87.3%, 180 basis points better than the prior-year quarter. Operating margin was 62.1%, 340 basis points better than the prior-year quarter. Net margin was 58.2%, 5,590 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $85.9 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $339.9 million. The average EPS estimate is $0.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 550 members out of 572 rating the stock outperform, and 22 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give Giant Interactive Group a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Giant Interactive Group is outperform, with an average price target of $6.51.
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