The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Move Inc. met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Move reported revenue of $47.3 million. The two analysts polled by S&P Capital IQ wanted to see sales of $47.4 million. GAAP sales were 3.4% lower than the prior-year quarter's $48.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.12. The three earnings estimates compiled by S&P Capital IQ forecast $0.09 per share on the same basis. GAAP EPS of $0.09 for Q4 were 125% higher than the prior-year quarter's $0.04 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 80.6%, 170 basis points better than the prior-year quarter. Operating margin was 7.8%, 530 basis points better than the prior-year quarter. Net margin was 8.4%, 480 basis points better than the prior-year quarter.
Next year's average estimate for revenue is $202.2 million. The average EPS estimate is $0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 107 members out of 188 rating the stock outperform, and 81 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Move a green thumbs-up, and 42 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Move Inc. is outperform, with an average price target of $11.33.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.