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Yandex (Nasdaq: YNDX ) reported earnings on July 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Yandex met expectations on revenues and earnings per share.
Compared with the prior-year quarter, revenue expanded significantly, and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins grew, net margins increased.
Yandex logged revenue of $211.3 million. The seven analysts polled by S&P Capital IQ expected a top line of $210.7 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $162.9 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 $0.18. The three earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS of $0.18 for Q2 were 50% higher than the prior-year quarter's $0.12 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 74.3%, 290 basis points worse than the prior-year quarter. Operating margin was 33.0%, 270 basis points better than the prior-year quarter. Net margin was 29.2%, 440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $238.7 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $933.7 million. The average EPS estimate is $0.81.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 71 members out of 85 rating the stock outperform, and 14 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Yandex a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yandex is outperform, with an average price target of $30.74.
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