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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