Rentrak
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Rentrak missed slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP loss per share increased.
Gross margins expanded, operating margins shrank, net margins dropped.
Revenue details
Rentrak logged revenue of $22.5 million. The five analysts polled by S&P Capital IQ expected revenue of $22.9 million on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $21.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.01. The four earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share. GAAP EPS were -$1.56 for Q2 compared to -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 47.6%, 20 basis points better than the prior-year quarter. Operating margin was -81.9%, 8,010 basis points worse than the prior-year quarter. Net margin was -80.7%, 7,950 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $24.8 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $97.7 million. The average EPS estimate is $0.00.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 42 members out of 56 rating the stock outperform, and 14 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Rentrak a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rentrak is outperform, with an average price target of $23.71.
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