Sunrise Senior Living
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Sunrise Senior Living met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share increased.
Gross margins dropped, operating margins contracted, net margins grew.
Sunrise Senior Living recorded revenue of $323.9 million. The two analysts polled by S&P Capital IQ hoped for net sales of $322.6 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $160.9 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 $0.00. The two earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS were $0.35 for Q3 compared to -$0.15 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.3%, 1,920 basis points worse than the prior-year quarter. Operating margin was -2.3%, 310 basis points worse than the prior-year quarter. Net margin was 6.5%, 1,190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $317.0 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $1.31 billion. The average EPS estimate is $0.07.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 480 members out of 542 rating the stock outperform, and 62 members rating it underperform. Among 144 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give Sunrise Senior Living a green thumbs-up, and 14 give it a red thumbs-down.
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