Phoenix New Media
The 10-second takeaway
For the quarter ended March 31 (Q1), Phoenix New Media beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share stayed the same. GAAP earnings per share grew significantly.
Gross margins shrank, operating margins were steady, net margins expanded.
Phoenix New Media notched revenue of $45.8 million. The two analysts polled by S&P Capital IQ anticipated a top line of $45.3 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $37.9 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 $0.07. The two earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. Non-GAAP EPS of $0.07 were the same as the prior-year quarter. GAAP EPS of $0.08 for Q1 were 33% higher than the prior-year quarter's $0.06 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 48.9%, 90 basis points worse than the prior-year quarter. Operating margin was 11.4%, much about the same as the prior-year quarter. Net margin was 13.9%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $51.5 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $213.7 million. The average EPS estimate is $0.27.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with five members out of 14 rating the stock outperform, and nine members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Phoenix New Media a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Phoenix New Media is outperform, with an average price target of $4.53.
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