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Hawaiian Holdings Beats Analyst Estimates on EPS

By Seth Jayson – Updated Apr 7, 2017 at 12:13PM

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Just the facts, Fool.

Hawaiian Holdings (Nasdaq: HA) reported earnings on Oct. 23. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.

Looking ahead
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.

Investor sentiment
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.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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