The 10-second takeaway
For the quarter ended March 31 (Q1), Carmike Cinemas met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share shrank to a loss. GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Carmike Cinemas reported revenue of $130.1 million. The nine analysts polled by S&P Capital IQ foresaw a top line of $131.7 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 -$0.20. The seven earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. Non-GAAP EPS were -$0.20 for Q1 compared to $0.36 per share for the prior-year quarter. GAAP EPS were -$0.33 for Q1 against $0.25 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 17.6%, 460 basis points worse than the prior-year quarter. Operating margin was 5.1%, 730 basis points worse than the prior-year quarter. Net margin was -4.4%, 690 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $162.5 million. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $604.6 million. The average EPS estimate is $1.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 61 members out of 106 rating the stock outperform, and 45 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Carmike Cinemas a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carmike Cinemas is outperform, with an average price target of $20.93.
Is Carmike Cinemas the right retailer for your portfolio? Learn how to maximize your investment income and ""Secure Your Future With 9 Rock-Solid Dividend Stocks,"" including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Carmike Cinemas to My Watchlist.