OpenTable (Nasdaq: OPEN ) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), OpenTable met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Gross margins expanded, operating margins contracted, and net margins contracted.
OpenTable tallied revenue of $39.4 million. The 12 analysts polled by S&P Capital IQ foresaw revenue of $39.6 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $33.7 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 $0.40. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS of $0.21 for Q1 were 24% higher than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 73.3%, 140 basis points better than the prior-year quarter. Operating margin was 18.8%, 50 basis points worse than the prior-year quarter. Net margin was 12.2%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $41.3 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $168.2 million. The average EPS estimate is $1.55.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 234 members rating the stock outperform and 231 members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give OpenTable a green thumbs-up, and 74 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OpenTable is hold, with an average price target of $52.15.
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