The 10-second takeaway
For the quarter ended March 31 (Q1), OpenTable met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew significantly.
Margins grew across the board.
OpenTable logged revenue of $45.5 million. The 14 analysts polled by S&P Capital IQ expected revenue of $45.6 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $39.4 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 $0.45. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.43 per share. Non-GAAP EPS of $0.45 for Q1 were 13% higher than the prior-year quarter's $0.40 per share. GAAP EPS of $0.30 for Q1 were 43% higher than the prior-year quarter's $0.21 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 75.0%, 170 basis points better than the prior-year quarter. Operating margin was 21.8%, 300 basis points better than the prior-year quarter. Net margin was 15.7%, 350 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $46.2 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $188.4 million. The average EPS estimate is $1.94.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 226 members out of 439 rating the stock outperform, and 213 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give OpenTable a green thumbs-up, and 64 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OpenTable is hold, with an average price target of $50.46.
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