Limelight Networks (Nasdaq: LLNW ) is expected to report Q3 earnings around Oct. 15. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Limelight Networks's revenues will contract -5.3% and EPS will remain in the red.
The average estimate for revenue is $44.8 million. On the bottom line, the average EPS estimate is -$0.05.
Last quarter, Limelight Networks tallied revenue of $44.4 million. GAAP reported sales were 7.0% higher than the prior-year quarter's $41.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.05. GAAP EPS were -$0.10 for Q2 against -$0.12 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 preceding quarter, gross margin was 54.1%, 480 basis points better than the prior-year quarter. Operating margin was -21.1%, 450 basis points better than the prior-year quarter. Net margin was -22.1%, 1,140 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $182.1 million. The average EPS estimate is -$0.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 286 members out of 319 rating the stock outperform, and 33 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Limelight Networks a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Limelight Networks is outperform, with an average price target of $3.94.
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