Ryman Hospitality Properties
The 10-second takeaway
For the quarter ended March 31 (Q1), Ryman Hospitality Properties missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Gross margins shrank, operating margins dropped, net margins grew.
Ryman Hospitality Properties chalked up revenue of $222.1 million. The eight analysts polled by S&P Capital IQ expected revenue of $245.2 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $238.9 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 $1.03. The four earnings estimates compiled by S&P Capital IQ predicted $0.32 per share. Non-GAAP EPS of $1.03 for Q1 were much higher than the prior-year quarter's $0.12 per share. GAAP EPS of $0.81 for Q1 were much higher than the prior-year quarter's $0.12 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 18.0%, much worse than the prior-year quarter. Operating margin was -1.0%, much worse than the prior-year quarter. Net margin was 24.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $267.7 million. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $1.90.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 76 members out of 141 rating the stock outperform, and 65 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Ryman Hospitality Properties a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ryman Hospitality Properties is hold, with an average price target of $45.82.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Ryman Hospitality Properties. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.