Move (Nasdaq: MOVE ) reported earnings on Feb. 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Move beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Move logged revenue of $52.7 million. The three analysts polled by S&P Capital IQ anticipated revenue of $51.7 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $47.3 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 anticipated $0.12 per share. GAAP EPS of $0.04 for Q4 were 56% lower than the prior-year quarter's $0.09 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 77.4%, 320 basis points worse than the prior-year quarter. Operating margin was 2.2%, 560 basis points worse than the prior-year quarter. Net margin was 3.0%, 540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $52.8 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $216.8 million. The average EPS estimate is $0.52.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 109 members out of 201 rating the stock outperform, and 92 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 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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