The 10-second takeaway
For the quarter ended Sep. 30 (Q3), AutoNavi Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew.
Margins shrank across the board.
AutoNavi Holdings logged revenue of $40.2 million. The four analysts polled by S&P Capital IQ expected sales of $40.4 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $33.9 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 $0.25. The three earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS of $0.20 for Q3 were 5.3% higher than the prior-year quarter's $0.19 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 71.6%, 230 basis points worse than the prior-year quarter. Operating margin was 26.2%, 340 basis points worse than the prior-year quarter. Net margin was 25.1%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $40.8 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $156.5 million. The average EPS estimate is $0.91.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 21 members out of 35 rating the stock outperform, and 14 members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give AutoNavi Holdings a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AutoNavi Holdings is buy, with an average price target of $18.51.
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