E-House (China) Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), E-House (China) Holdings crushed 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 loss per share shrank.
Margins grew across the board.
E-House (China) Holdings logged revenue of $116.6 million. The three analysts polled by S&P Capital IQ predicted sales of $90.8 million on the same basis. GAAP reported sales were 97% higher than the prior-year quarter's $59.1 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 $0.03. The two earnings estimates compiled by S&P Capital IQ predicted -$0.12 per share. Non-GAAP EPS were $0.03 for Q1 against -$0.21 per share for the prior-year quarter. GAAP EPS were -$0.05 for Q1 versus -$0.33 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 55.4%, much better than the prior-year quarter. Operating margin was -8.9%, much better than the prior-year quarter. Net margin was -4.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $137.2 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $593.4 million. The average EPS estimate is $0.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 556 members out of 590 rating the stock outperform, and 34 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give E-House (China) Holdings a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on E-House (China) Holdings is outperform, with an average price target of $5.10.
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