SINA (Nasdaq: SINA ) reported earnings on May 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), SINA met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
SINA logged revenue of $106.2 million. The 17 analysts polled by S&P Capital IQ hoped for revenue of $105.5 million on the same basis. GAAP reported sales were 6.0% higher than the prior-year quarter's $100.2 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 -$0.21. The 13 earnings estimates compiled by S&P Capital IQ forecast -$0.23 per share. GAAP EPS were -$0.21 for Q1 versus $0.23 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 46.2%, 700 basis points worse than the prior-year quarter. Operating margin was -17.0%, 2,850 basis points worse than the prior-year quarter. Net margin was -12.9%, 2,790 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $132.6 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $559.9 million. The average EPS estimate is $0.47.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,134 members out of 1,240 rating the stock outperform, and 106 members rating it underperform. Among 289 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 264 give SINA a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SINA is outperform, with an average price target of $87.79.
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