The 10-second takeaway
For the quarter ended March 31 (Q1), Kennedy-Wilson Holdings crushed expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share shrank.
Margins increased across the board.
Kennedy-Wilson Holdings reported revenue of $22.4 million. The four analysts polled by S&P Capital IQ foresaw revenue of $14.6 million on the same basis. GAAP reported sales were 89% higher than the prior-year quarter's $11.8 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 -$0.06. The five earnings estimates compiled by S&P Capital IQ predicted -$0.11 per share. GAAP EPS were -$0.06 for Q1 compared to -$0.07 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 91.6%, 710 basis points better than the prior-year quarter. Operating margin was -23.1%, 740 basis points better than the prior-year quarter. Net margin was -7.1%, 400 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $16.6 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $71.0 million. The average EPS estimate is -$0.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 15 members out of 17 rating the stock outperform, and two members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Kennedy-Wilson Holdings a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kennedy-Wilson Holdings is buy, with an average price target of $22.20.
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