The 10-second takeaway
For the quarter ended March 31 (Q1), Ctrip.com International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP earnings per share was unchanged.
Margins shrank across the board.
Ctrip.com International reported revenue of $186.9 million. The 11 analysts polled by S&P Capital IQ looked for revenue of $174.2 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $144.5 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 $0.30. The eight earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. Non-GAAP EPS of $0.30 for Q1 were 7.1% higher than the prior-year quarter's $0.28 per share. GAAP EPS of $0.18 were the same as 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 73.8%, 140 basis points worse than the prior-year quarter. Operating margin was 13.8%, 560 basis points worse than the prior-year quarter. Net margin was 13.2%, 540 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $185.7 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $800.8 million. The average EPS estimate is $1.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,005 members out of 4,174 rating the stock outperform, and 169 members rating it underperform. Among 995 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 959 give Ctrip.com International a green thumbs-up, and 36 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ctrip.com International is outperform, with an average price target of $21.79.
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