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Home Inns & Hotels Management Posts a Surprise Profit

Wednesday - 5/15/2013, 2:00am  ET

Home Inns & Hotels Management reported earnings on May 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Home Inns & Hotels Management missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew. GAAP loss per share contracted.

Margins grew across the board.

Revenue details
Home Inns & Hotels Management notched revenue of $213.7 million. The six analysts polled by S&P Capital IQ predicted a top line of $219.2 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $199.2 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 $0.11. The three earnings estimates compiled by S&P Capital IQ averaged -$0.05 per share. Non-GAAP EPS were $0.11 for Q1 against -$0.09 per share for the prior-year quarter. GAAP EPS were -$0.07 for Q1 against -$0.36 per share for the prior-year quarter.

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 27.1%, 250 basis points better than the prior-year quarter. Operating margin was 0.3%, 250 basis points better than the prior-year quarter. Net margin was -1.4%, 680 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $260.7 million. On the bottom line, the average EPS estimate is $0.50.

Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $1.32.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 463 members out of 531 rating the stock outperform, and 68 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Home Inns & Hotels Management a green thumbs-up, and 23 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Home Inns & Hotels Management is outperform, with an average price target of $36.28.

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This article was originally published as Home Inns & Hotels Management Posts a Surprise Profiton Fool.com

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