The 10-second takeaway
For the quarter ended Sep. 30 (Q3), AutoNavi Holdings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew.
Margins shrank across the board.
AutoNavi Holdings logged revenue of $40.2 million. The four analysts polled by S&P Capital IQ expected sales of $40.4 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $33.9 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 $0.25. The three earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS of $0.20 for Q3 were 5.3% higher than the prior-year quarter's $0.19 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 71.6%, 230 basis points worse than the prior-year quarter. Operating margin was 26.2%, 340 basis points worse than the prior-year quarter. Net margin was 25.1%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $40.8 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $156.5 million. The average EPS estimate is $0.91.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 21 members out of 35 rating the stock outperform, and 14 members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give AutoNavi Holdings a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AutoNavi Holdings is buy, with an average price target of $18.51.
Software and computerized services are being consumed in radically different ways, on new and increasingly mobile devices. Many old leaders will be left behind. Whether or not AutoNavi Holdings makes the coming cut, you should check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add AutoNavi Holdings to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.