Envestnet (NYSE: ENV) reported earnings on Feb. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Envestnet beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins improved, operating margins contracted, and net margins grew.

Revenue details
Envestnet reported revenue of $30.5 million. The seven analysts polled by S&P Capital IQ hoped for a top line of $29.9 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $27.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.09. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share on the same basis. GAAP EPS of $0.06 for Q4 were 100% higher than the prior-year quarter's $0.03 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 66.1%, 3,330 basis points better than the prior-year quarter. Operating margin was 9.3%, 10 basis points worse than the prior-year quarter. Net margin was 6%, 290 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $33.6 million. On the bottom line, the average EPS estimate is $0.07.

Next year's average estimate for revenue is $154.2 million. The average EPS estimate is $0.53.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Envestnet is outperform, with an average price target of $14.43.

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