The 10-second takeaway
For the quarter ended March 31 (Q1), 51job missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share shrank. GAAP earnings per share contracted.
Gross margins increased, operating margins dropped, net margins contracted.
51job reported revenue of $61.2 million. The three analysts polled by S&P Capital IQ hoped for revenue of $63.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.66. The three earnings estimates compiled by S&P Capital IQ anticipated $0.70 per share. Non-GAAP EPS of $0.66 for Q1 were 7.0% lower than the prior-year quarter's $0.71 per share. GAAP EPS of $0.59 for Q1 were 7.8% lower than the prior-year quarter's $0.64 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 72.8%, 40 basis points better than the prior-year quarter. Operating margin was 31.7%, 430 basis points worse than the prior-year quarter. Net margin was 29.8%, 330 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $64.4 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $271.9 million. The average EPS estimate is $3.17.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 377 members out of 396 rating the stock outperform, and 19 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give 51job a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 51job is outperform, with an average price target of $68.17.
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