Editor's note: A previous version of this article had incorrect figures and conclusions based on incorrect data. We regret the error.
Xinyuan Real Estate (NYSE: XIN ) filed its annual numbers on April 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Xinyuan Real Estate beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Margins contracted across the board.
Revenue details
Xinyuan Real Estate reported revenue of $199.8 million. The one analyst polled by S&P Capital IQ expected to see revenue of $181.0 million on the same basis. GAAP reported sales were 46% higher than the prior-year quarter's $137.2 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 $0.38. The one earnings estimate compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS of $0.38 for Q4 were 36% higher than the prior-year quarter's $0.28 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 28.2%, 200 basis points worse than the prior-year quarter. Operating margin was 22.4%, 110 basis points worse than the prior-year quarter. Net margin was 14.2%, 150 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $134.0 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $750.5 million. The average EPS estimate is $1.40.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 667 members out of 695 rating the stock outperform, and 28 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give Xinyuan Real Estate a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Xinyuan Real Estate is outperform, with an average price target of $5.00.
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