The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Glu Mobile beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP loss per share contracted.
Margins expanded across the board.
Glu Mobile recorded revenue of $20.8 million. The nine analysts polled by S&P Capital IQ hoped for revenue of $20.2 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $15.2 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 -$0.11. The six earnings estimates compiled by S&P Capital IQ forecast -$0.13 per share. GAAP EPS were -$0.11 for Q4 versus -$0.16 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 90.2%, 720 basis points better than the prior-year quarter. Operating margin was -27.9%, much better than the prior-year quarter. Net margin was -33.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $18.0 million. On the bottom line, the average EPS estimate is -$0.13.
Next year's average estimate for revenue is $88.8 million. The average EPS estimate is -$0.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 194 members out of 225 rating the stock outperform, and 31 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Glu Mobile a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Glu Mobile is outperform, with an average price target of $3.92.
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