The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Hawaiian Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
Hawaiian Holdings reported revenue of $549.3 million. The seven analysts polled by S&P Capital IQ foresaw a top line of $556.5 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $455.9 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 $0.77. The eight earnings estimates compiled by S&P Capital IQ predicted $0.72 per share. GAAP EPS of $0.86 for Q3 were 72% higher than the prior-year quarter's $0.50 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 30.8%, 150 basis points better than the prior-year quarter. Operating margin was 13.6%, 240 basis points better than the prior-year quarter. Net margin was 8.3%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $544.7 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $2.02 billion. The average EPS estimate is $1.29.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 186 members out of 226 rating the stock outperform, and 40 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Hawaiian Holdings a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hawaiian Holdings is outperform, with an average price target of $10.00.
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