Regal Entertainment Group
The 10-second takeaway
For the quarter ended June 27 (Q2), Regal Entertainment Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share shrank.
Gross margins dropped, operating margins increased, net margins shrank.
Regal Entertainment Group booked revenue of $842.3 million. The 17 analysts polled by S&P Capital IQ predicted sales of $843.6 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $723.3 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 $0.36. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.33 per share. Non-GAAP EPS of $0.36 for Q2 were 44% higher than the prior-year quarter's $0.25 per share. GAAP EPS of $0.23 for Q2 were 4.2% lower than the prior-year quarter's $0.24 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 59.5%, 20 basis points worse than the prior-year quarter. Operating margin was 14.3%, 180 basis points better than the prior-year quarter. Net margin was 4.3%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $792.8 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $3.07 billion. The average EPS estimate is $1.01.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 155 members out of 198 rating the stock outperform, and 43 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Regal Entertainment Group a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Regal Entertainment Group is outperform, with an average price target of $18.63.
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