The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hawaiian Holdings met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank to a loss.
Margins shrank across the board.
Hawaiian Holdings reported revenue of $493.0 million. The five analysts polled by S&P Capital IQ predicted a top line of $498.6 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $434.0 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 eight earnings estimates compiled by S&P Capital IQ anticipated $0.10 per share. GAAP EPS were -$0.07 for Q4 compared to $0.40 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 20.1%, 510 basis points worse than the prior-year quarter. Operating margin was 2.5%, 660 basis points worse than the prior-year quarter. Net margin was -0.7%, 550 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $505.3 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $2.25 billion. The average EPS estimate is $1.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 195 members out of 238 rating the stock outperform, and 43 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 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 $10.20.
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