The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LoopNet beat slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.
Gross margins increased, operating margins contracted, net margins shrank.
LoopNet booked revenue of $22.1 million. The two analysts polled by S&P Capital IQ looked for revenue of $21.9 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $20.0 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 $0.07. The one earnings estimate compiled by S&P Capital IQ anticipated $0.08 per share on the same basis. GAAP EPS were -$0.07 for Q4 compared to $0.17 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 85.5%, 400 basis points better than the prior-year quarter. Operating margin was -12.0%, 1,190 basis points worse than the prior-year quarter. Net margin was -12.0%, 4,830 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $22.8 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $95.1 million. The average EPS estimate is $0.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,502 members out of 1,563 rating the stock outperform, and 61 members rating it underperform. Among 509 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 494 give LoopNet a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LoopNet is hold, with an average price target of $18.91.
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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.