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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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. Try any of our Foolish newsletter services free for 30 days. 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.