Phoenix New Media
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Phoenix New Media beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share shrank significantly.
Margins dropped across the board.
Phoenix New Media booked revenue of $48.6 million. The two analysts polled by S&P Capital IQ looked for a top line of $44.0 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $44.5 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 $0.05. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.05 for Q4 were 88% lower than the prior-year quarter's $0.41 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 45.4%, much worse than the prior-year quarter. Operating margin was 6.2%, 310 basis points worse than the prior-year quarter. Net margin was 9.2%, 350 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $44.7 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $193.2 million. The average EPS estimate is $0.24.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with five members out of 14 rating the stock outperform, and nine members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Phoenix New Media a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Phoenix New Media is outperform, with an average price target of $3.89.
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