The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AutoNavi Holdings beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Margins dropped across the board.
AutoNavi Holdings logged revenue of $43.6 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $39.8 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $34.7 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 $0.22. The three earnings estimates compiled by S&P Capital IQ averaged $0.20 per share. Non-GAAP EPS of $0.22 for Q4 were 57% higher than the prior-year quarter's $0.14 per share. GAAP EPS of $0.16 for Q4 were 23% higher 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 70.7%, 210 basis points worse than the prior-year quarter. Operating margin was 20.2%, 240 basis points worse than the prior-year quarter. Net margin was 19.9%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $38.8 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $175.1 million. The average EPS estimate is $0.99.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 25 members out of 37 rating the stock outperform, and 12 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give AutoNavi Holdings a green thumbs-up, and nine 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 $17.59.
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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 has no position in any of the stocks mentioned. 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.