Global Cash Access Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Global Cash Access Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins increased across the board.
Global Cash Access Holdings booked revenue of $149.8 million. The five analysts polled by S&P Capital IQ predicted sales of $148.3 million on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $136.9 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 $0.23. The four earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.10 for Q3 were 233% higher than the prior-year quarter's $0.03 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 25.7%, 380 basis points better than the prior-year quarter. Operating margin was 9.8%, 420 basis points better than the prior-year quarter. Net margin was 4.7%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $141.1 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $587.9 million. The average EPS estimate is $0.79.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 148 members out of 175 rating the stock outperform, and 27 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Global Cash Access Holdings a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Global Cash Access Holdings is outperform, with an average price target of $10.75.
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