Goldman Updates Estimates On Interval Leisure Group Following In-Line 4Q Results

Goldman Sachs has published a research report on Interval Leisure Group IILG and is updating estimates after the company reported in-line 4Q results.

In the report, Goldman Sachs writes "Interval Leisure reported adjusted EPS of $0.12 versus our and consensus estimate of $0.12. Total revenues came in at $93.5mn, lower than our estimate of $95.3mn, partially offset by lower SG&A expenses which pushed EPS in line. The number of total active members declined 1.8% versus our estimate of -1.5% for the quarter, lowering the revenues below our estimates. We are updating our estimates to reflect the higher-than-expected fall in the membership base. Our new estimate for FY2011 EPS is $0.80 versus our previous estimate of $0.82. FY2012 EPS is unchanged at $0.87. Our quarterly estimates remain the same except for 3Q2011 and 4Q2011 EPS of $0.17 and $0.11 versus the previous estimate of $0.18 and $0.13 respectively. We are also introducing our FY2013 EPS estimate of $0.91."

Goldman Sachs maintains its Neutral rating and $17 price target.

Interval Leisure Group closed yesterday at $14.84.