AutoNavi Holdings Limited
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AutoNavi Holdings Limited beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly.
Gross margins increased, operating margins shrank, net margins dropped.
AutoNavi Holdings Limited booked revenue of $34.7 million. The three analysts polled by S&P Capital IQ expected revenue of $32.6 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $23.0 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 $0.14. The three earnings estimates compiled by S&P Capital IQ predicted $0.15 per share on the same basis. GAAP EPS of $0.16 for Q4 were 60% higher than the prior-year quarter's $0.10 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 72.8%, 780 basis points better than the prior-year quarter. Operating margin was 22.6%, 660 basis points worse than the prior-year quarter. Net margin was 20.4%, 480 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $33.2 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $155.8 million. The average EPS estimate is $0.88.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 16 members out of 28 rating the stock outperform, and 12 members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give AutoNavi Holdings Limited a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AutoNavi Holdings Limited is outperform, with an average price target of $21.47.
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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.