Move (Nasdaq: MOVE ) reported earnings on Nov. 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Move met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Move reported revenue of $49.4 million. The three analysts polled by S&P Capital IQ expected a top line of $49.1 million on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $46.5 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 $0.09. The three earnings estimates compiled by S&P Capital IQ forecast $0.10 per share. GAAP EPS of $0.04 for Q3 were 300% higher than the prior-year quarter's $0.01 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 79.3%, 70 basis points better than the prior-year quarter. Operating margin was 3.2%, 200 basis points better than the prior-year quarter. Net margin was 3.6%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $51.7 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $197.8 million. The average EPS estimate is $0.40.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 113 members out of 203 rating the stock outperform, and 90 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Move a green thumbs-up, and 41 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 $12.33.
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