The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Shutterfly beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Margins grew across the board.
Shutterfly notched revenue of $351.8 million. The 13 analysts polled by S&P Capital IQ expected sales of $309.7 million on the same basis. GAAP reported sales were 33% higher than the prior-year quarter's $263.8 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 $1.40. The 10 earnings estimates compiled by S&P Capital IQ averaged $1.38 per share. GAAP EPS of $1.40 for Q4 were 44% higher than the prior-year quarter's $0.97 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 60.5%, 160 basis points better than the prior-year quarter. Operating margin was 28.8%, 40 basis points better than the prior-year quarter. Net margin was 15.1%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $108.7 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $707.8 million. The average EPS estimate is $1.56.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 160 members out of 280 rating the stock outperform, and 120 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Shutterfly a green thumbs-up, and 40 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shutterfly is outperform, with an average price target of $36.25.
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