The 10-second takeaway
For the quarter ended March 31 (Q1), AutoNavi Holdings whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped significantly.
Margins dropped across the board.
AutoNavi Holdings logged revenue of $34.3 million. The four analysts polled by S&P Capital IQ looked for a top line of $40.4 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 $0.12. The three earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.12 for Q1 were 25% lower than the prior-year quarter's $0.16 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 69.8%, 560 basis points worse than the prior-year quarter. Operating margin was 9.2%, much worse than the prior-year quarter. Net margin was 16.6%, 840 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $43.2 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $172.2 million. The average EPS estimate is $0.79.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 27 members out of 41 rating the stock outperform, and 14 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give AutoNavi Holdings a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AutoNavi Holdings is outperform, with an average price target of $15.80.
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