Move Misses Where It Counts

Move (Nasdaq: MOVE  ) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Move met expectations on revenues and missed estimates on earnings per share.

Compared with the prior-year quarter, revenue contracted slightly and GAAP earnings per share expanded to zero.

Margins grew across the board.

Revenue details
Move reported revenue of $47.7 million. The two analysts polled by S&P Capital IQ expected a top line of $47.5 million on the same basis. GAAP reported sales were 2.7% lower than the prior-year quarter's $49.1 million.

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

EPS details
EPS came in at $0.03. The two earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS dropped to zero from the prior-year quarter's -$0.04.

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 79.8%, 180 basis points better than the prior-year quarter. Operating margin was 1.4%, 120 basis points better than the prior-year quarter. Net margin was 1.7%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $49.3 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $197.3 million. The average EPS estimate is $0.34.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 107 members out of 193 rating the stock outperform, and 86 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Move a green thumbs-up, and 45 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Move is buy, with an average price target of $13.00.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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