The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SINA beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins dropped.
SINA reported revenue of $139.1 million. The 15 analysts polled by S&P Capital IQ looked for a top line of $136.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.13. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. Non-GAAP EPS of $0.13 for Q4 were 38% lower than the prior-year quarter's $0.21 per share. GAAP EPS of $0.03 for Q4 were 77% lower than the prior-year quarter's $0.13 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 57.0%, 250 basis points better than the prior-year quarter. Operating margin was 4.0%, 50 basis points worse than the prior-year quarter. Net margin was 1.7%, 530 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $120.4 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $610.7 million. The average EPS estimate is $0.82.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,119 members out of 1,235 rating the stock outperform, and 116 members rating it underperform. Among 301 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 271 give SINA a green thumbs-up, and 30 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SINA is outperform, with an average price target of $65.49.
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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. The Motley Fool recommends SINA. 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.