Carmike Cinemas (Nasdaq: CKEC) reported earnings on July 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Carmike Cinemas beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share dropped. GAAP earnings per share grew significantly.
Margins grew across the board.
Revenue details
Carmike Cinemas notched revenue of $170.5 million. The eight analysts polled by S&P Capital IQ predicted sales of $163.0 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $136.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.38. The seven earnings estimates compiled by S&P Capital IQ predicted $0.43 per share. Non-GAAP EPS of $0.38 for Q2 were 2.6% lower than the prior-year quarter's $0.39 per share. GAAP EPS of $0.37 for Q2 were 429% higher than the prior-year quarter's $0.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 23.4%, 170 basis points better than the prior-year quarter. Operating margin was 13.8%, 160 basis points better than the prior-year quarter. Net margin was 3.9%, 300 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $153.4 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $603.3 million. The average EPS estimate is $0.90.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 59 members out of 105 rating the stock outperform, and 46 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Carmike Cinemas a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carmike Cinemas is buy, with an average price target of $21.31.
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