Global Cash Access Holdings
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Global Cash Access Holdings missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share dropped.
Margins dropped across the board.
Global Cash Access Holdings notched revenue of $136.1 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $139.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.17. The four earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. Non-GAAP EPS of $0.17 for Q4 were 21% higher than the prior-year quarter's $0.14 per share. GAAP EPS of $0.06 for Q4 were 14% lower than the prior-year quarter's $0.07 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 24.7%, 150 basis points worse than the prior-year quarter. Operating margin was 7.1%, 320 basis points worse than the prior-year quarter. Net margin was 3.2%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $149.0 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $585.8 million. The average EPS estimate is $0.79.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 147 members out of 173 rating the stock outperform, and 26 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Global Cash Access Holdings a green thumbs-up, and 14 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 buy, with an average price target of $12.00.
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