E-Commerce China Dangdang
The 10-second takeaway
For the quarter ended March 31 (Q1), E-Commerce China Dangdang beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share contracted. GAAP loss per share dropped.
Margins expanded across the board.
E-Commerce China Dangdang reported revenue of $214.7 million. The nine analysts polled by S&P Capital IQ expected sales of $210.0 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $172.0 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 -$0.14. The eight earnings estimates compiled by S&P Capital IQ anticipated -$0.18 per share. Non-GAAP EPS were -$0.14 for Q1 versus -$0.20 per share for the prior-year quarter. GAAP EPS were -$0.15 for Q1 versus -$0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.2%, 300 basis points better than the prior-year quarter. Operating margin was -6.0%, 390 basis points better than the prior-year quarter. Net margin was -5.5%, 370 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $240.4 million. On the bottom line, the average EPS estimate is -$0.19.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is -$0.78.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 173 members out of 226 rating the stock outperform, and 53 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give E-Commerce China Dangdang a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on E-Commerce China Dangdang is outperform, with an average price target of $5.48.
Is E-Commerce China Dangdang the right Internet stock for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add E-Commerce China Dangdang to My Watchlist.