Qihoo 360 Technology Co. Ltd
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Qihoo 360 Technology Co. Ltd beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share didn't move.
Gross margins grew, operating margins shrank, net margins dropped.
Qihoo 360 Technology Co. Ltd reported revenue of $103.0 million. The nine analysts polled by S&P Capital IQ predicted revenue of $93.6 million on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $62.3 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 seven earnings estimates compiled by S&P Capital IQ forecast $0.17 per share. Non-GAAP EPS of $0.22 for Q4 were 69% higher than the prior-year quarter's $0.13 per share. GAAP EPS of $0.11 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 89.7%, 110 basis points better than the prior-year quarter. Operating margin was 10.7%, much worse than the prior-year quarter. Net margin was 12.4%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $92.1 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $495.6 million. The average EPS estimate is $1.06.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 95 members out of 238 rating the stock outperform, and 143 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Qihoo 360 Technology Co. Ltd a green thumbs-up, and 65 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Qihoo 360 Technology Co. Ltd is outperform, with an average price target of $32.91.
Internet software and services are being consumed in radically different ways, on new and increasingly mobile devices. Is Qihoo 360 Technology Co. Ltd on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Qihoo 360 Technology Co. Ltd to My Watchlist.