The 10-second takeaway
For the quarter ended March 31 (Q1), ValueClick met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased. GAAP earnings per share increased significantly.
Margins grew across the board.
ValueClick recorded revenue of $165.4 million. The 15 analysts polled by S&P Capital IQ looked for a top line of $166.7 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $152.9 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 $0.42. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.39 per share. Non-GAAP EPS of $0.42 for Q1 were 11% higher than the prior-year quarter's $0.38 per share. GAAP EPS of $0.34 for Q1 were 31% higher than the prior-year quarter's $0.26 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 62.3%, 90 basis points better than the prior-year quarter. Operating margin was 25.3%, 540 basis points better than the prior-year quarter. Net margin was 15.9%, 180 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $173.7 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $750.4 million. The average EPS estimate is $1.86.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 557 members out of 591 rating the stock outperform, and 34 members rating it underperform. Among 143 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 129 give ValueClick a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ValueClick is outperform, with an average price target of $30.25.
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