AutoNavi Holdings Limited
The 10-second takeaway
For the quarter ended March 31 (Q1), AutoNavi Holdings Limited beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped significantly.
Gross margins increased, operating margins shrank, net margins dropped.
AutoNavi Holdings Limited recorded revenue of $35.7 million. The three analysts polled by S&P Capital IQ predicted net sales of $33.3 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $25.4 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 $0.24. The three earnings estimates compiled by S&P Capital IQ averaged $0.19 per share. GAAP EPS of $0.16 for Q1 were 20% lower than the prior-year quarter's $0.20 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 75.4%, 460 basis points better than the prior-year quarter. Operating margin was 28.1%, 540 basis points worse than the prior-year quarter. Net margin was 25.0%, 1,680 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $40.9 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $156.5 million. The average EPS estimate is $0.95.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 18 members out of 32 rating the stock outperform, and 14 members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give AutoNavi Holdings Limited a green thumbs-up, and seven 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 $17.16.
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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.