The 10-second takeaway
For the quarter ended March 31 (Q1), Glu Mobile beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP loss per share dropped.
Gross margins grew, operating margins contracted, net margins grew.
Glu Mobile logged revenue of $19.0 million. The nine analysts polled by S&P Capital IQ predicted a top line of $18.0 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $21.5 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 -$0.08. The six earnings estimates compiled by S&P Capital IQ averaged -$0.13 per share. GAAP EPS were -$0.08 for Q1 compared to -$0.11 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 89.6%, 150 basis points better than the prior-year quarter. Operating margin was -26.0%, 100 basis points worse than the prior-year quarter. Net margin was -28.7%, 310 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $20.3 million. On the bottom line, the average EPS estimate is -$0.09.
Next year's average estimate for revenue is $88.8 million. The average EPS estimate is -$0.31.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 201 members out of 232 rating the stock outperform, and 31 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Glu Mobile 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 Glu Mobile is outperform, with an average price target of $3.19.
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