The 10-second takeaway
For the quarter ended June 30 (Q2), Orient-Express Hotels beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share expanded significantly.
Margins increased across the board.
Orient-Express Hotels notched revenue of $174.3 million. The five analysts polled by S&P Capital IQ expected to see a top line of $172.0 million on the same basis. GAAP reported sales were 7.8% higher than the prior-year quarter's $161.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.17. The six earnings estimates compiled by S&P Capital IQ anticipated $0.14 per share. GAAP EPS of $0.17 for Q2 were 55% higher than the prior-year quarter's $0.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 71.9%, much better than the prior-year quarter. Operating margin was 59.4%, much better than the prior-year quarter. Net margin was 10.0%, 270 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $173.4 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $587.8 million. The average EPS estimate is $0.21.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 78 members out of 102 rating the stock outperform, and 24 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Orient-Express Hotels a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Orient-Express Hotels is outperform, with an average price target of $11.88.
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