E-Commerce China Dangdang
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), E-Commerce China Dangdang met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share shrank.
Margins expanded across the board.
E-Commerce China Dangdang recorded revenue of $259.2 million. The eight analysts polled by S&P Capital IQ wanted to see net sales of $258.6 million on the same basis. GAAP reported sales were 33% higher than the prior-year quarter's $195.4 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 -$0.24. The seven earnings estimates compiled by S&P Capital IQ forecast -$0.26 per share. GAAP EPS were -$0.24 for Q4 versus -$0.26 per share for 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 13.4%, 290 basis points better than the prior-year quarter. Operating margin was -9.4%, 270 basis points better than the prior-year quarter. Net margin was -7.6%, 290 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $231.0 million. On the bottom line, the average EPS estimate is -$0.21.
Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is -$0.76.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 171 members out of 226 rating the stock outperform, and 55 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give E-Commerce China Dangdang a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on E-Commerce China Dangdang is outperform, with an average price target of $5.95.
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