Vonage Holdings (NYSE: VG ) is expected to report Q3 earnings on Oct. 31. 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 Vonage Holdings's revenues will decrease -2.4% and EPS will decrease -40.0%.
The average estimate for revenue is $211.3 million. On the bottom line, the average EPS estimate is $0.06.
Last quarter, Vonage Holdings tallied revenue of $211.9 million. GAAP reported sales were 2.9% lower than the prior-year quarter's $218.3 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 $0.09. GAAP EPS were -$0.01 for Q2 versus $0.09 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 68.2%, 80 basis points worse than the prior-year quarter. Operating margin was 10.7%, 360 basis points worse than the prior-year quarter. Net margin was -1.6%, 1,160 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $850.1 million. The average EPS estimate is $0.29.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 509 members out of 1,566 rating the stock outperform, and 1,057 members rating it underperform. Among 405 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Vonage Holdings a green thumbs-up, and 339 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vonage Holdings is outperform, with an average price target of $3.00.
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