Active Network (NYSE: ACTV ) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Active Network met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted to a loss.
Margins shrank across the board.
Active Network chalked up revenue of $121.6 million. The seven analysts polled by S&P Capital IQ anticipated sales of $120.8 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $99.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.11. The six earnings estimates compiled by S&P Capital IQ anticipated $0.15 per share. GAAP EPS were -$0.04 for Q2 versus $0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 56.5%, 290 basis points worse than the prior-year quarter. Operating margin was 0.6%, 700 basis points worse than the prior-year quarter. Net margin was -1.9%, 750 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $111.1 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $429.3 million. The average EPS estimate is $0.04.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 19 members out of 26 rating the stock outperform, and seven members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Active Network a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Active Network is buy, with an average price target of $20.38.
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