The 10-second takeaway
For the quarter ended March 31 (Q1), Hawaiian Holdings met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share contracted to a loss.
Margins shrank across the board.
Hawaiian Holdings logged revenue of $490.8 million. The four analysts polled by S&P Capital IQ expected to see a top line of $491.2 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $435.5 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 -$0.29. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.24 per share. Non-GAAP EPS were -$0.29 for Q1 against $0.06 per share for the prior-year quarter. GAAP EPS were -$0.33 for Q1 versus $0.14 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 17.1%, 520 basis points worse than the prior-year quarter. Operating margin was -2.4%, 670 basis points worse than the prior-year quarter. Net margin was -3.5%, 520 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $542.1 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $2.22 billion. The average EPS estimate is $0.92.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 209 members out of 250 rating the stock outperform, and 41 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Hawaiian Holdings a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hawaiian Holdings is hold, with an average price target of $8.30.
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