Republic Airways Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Republic Airways Holdings missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Margins increased across the board.
Republic Airways Holdings reported revenue of $713.1 million. The four analysts polled by S&P Capital IQ hoped for a top line of $732.1 million on the same basis. GAAP reported sales were 7.1% lower than the prior-year quarter's $767.9 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 $0.51. The five earnings estimates compiled by S&P Capital IQ averaged $0.43 per share. GAAP EPS of $0.51 for Q3 were 183% higher than the prior-year quarter's $0.18 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 31.8%, 430 basis points better than the prior-year quarter. Operating margin was 10.3%, 390 basis points better than the prior-year quarter. Net margin was 3.6%, 240 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $677.5 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $2.83 billion. The average EPS estimate is $0.88.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 290 members out of 340 rating the stock outperform, and 50 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Republic Airways Holdings a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Republic Airways Holdings is outperform, with an average price target of $7.60.
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