The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bankrate whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to zero.
Margins contracted across the board.
Bankrate logged revenue of $93.2 million. The 10 analysts polled by S&P Capital IQ expected sales of $106.0 million on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $113.8 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 $0.06. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS shrank to zero from the prior-year quarter's $0.14.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 67.0%, 450 basis points worse than the prior-year quarter. Operating margin was 1.3%, 2,060 basis points worse than the prior-year quarter. Net margin was 0.4%, 1,190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $119.4 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $498.5 million. The average EPS estimate is $0.67.
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 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Bankrate a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bankrate is outperform, with an average price target of $13.40.
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