Renren (NYSE: RENN ) reported earnings on Nov. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Renren beat slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share.
Margins contracted across the board.
Renren chalked up revenue of $50.4 million. The eight analysts polled by S&P Capital IQ anticipated sales of $49.7 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $34.2 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 -$0.03. The six earnings estimates compiled by S&P Capital IQ predicted -$0.05 per share. GAAP EPS were -$0.04 for Q3 compared to $0.00 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 61.4%, 1,900 basis points worse than the prior-year quarter. Operating margin was -41.0%, 2,220 basis points worse than the prior-year quarter. Net margin was -30.6%, 2,710 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $51.1 million. On the bottom line, the average EPS estimate is -$0.05.
Next year's average estimate for revenue is $178.1 million. The average EPS estimate is -$0.18.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 175 members out of 240 rating the stock outperform, and 65 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Renren a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Renren is hold, with an average price target of $4.40.
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