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The Gory Details on Republic Airways Holdings's Double Miss

Tuesday - 4/30/2013, 2:00am  ET

Republic Airways Holdings reported earnings on April 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Republic Airways Holdings missed slightly on revenues and missed estimates on earnings per share.

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

Margins grew across the board.

Revenue details
Republic Airways Holdings reported revenue of $635.6 million. The four analysts polled by S&P Capital IQ predicted sales of $645.4 million on the same basis. GAAP reported sales were 8.9% lower than the prior-year quarter's $697.6 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 $0.01. The five earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. GAAP EPS were $0.01 for Q1 compared to -$0.15 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 28.3%, 200 basis points better than the prior-year quarter. Operating margin was 4.7%, 150 basis points better than the prior-year quarter. Net margin was 0.0%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $698.7 million. On the bottom line, the average EPS estimate is $0.50.

Next year's average estimate for revenue is $2.77 billion. The average EPS estimate is $1.60.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 284 members out of 339 rating the stock outperform, and 55 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Republic Airways Holdings a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Republic Airways Holdings is outperform, with an average price target of $10.00.

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This article was originally published as The Gory Details on Republic Airways Holdings's Double Misson Fool.com

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