Morgans Hotel Group Earnings Preview: Can This Streak Finally End?

Morgans Hotel Group (NASDAQ:MHGC) will report earnings after markets close on Monday, April 29th. Morgans Hotel Group owns, acquires, develops and redevelops boutique hotels in cities and resort markets in the United States and Europe.

Here is your Cheat Sheet to Morgans Hotel Group Earnings:

Earnings Expectations: Analysts expect earnings of $-0.55 per share on revenues of $32.30 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.24 to a loss $0.35. For the current year, the average estimate is a loss of $1.5, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Morgans Hotel Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 300.68 225.05 236.37 207.33 189.92
Diluted EPS ($) -1.80 -3.38 -2.94 -3.03 -2.13

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 52.03 43.30 47.79 44.04 54.80
Diluted EPS ($) -0.59 -0.55 -0.52 -0.59 -0.47

Past Performance:
Morgans Hotel Group has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)