The 10-second takeaway
For the quarter ended March 31 (Q1), SINA beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP loss per share dropped.
Margins increased across the board.
SINA chalked up revenue of $126.0 million. The 14 analysts polled by S&P Capital IQ expected sales of $120.1 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $106.2 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 $0.02. The 11 earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share. Non-GAAP EPS were $0.02 for Q1 compared to -$0.21 per share for the prior-year quarter. GAAP EPS were -$0.20 for Q1 against -$0.21 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 51.3%, 510 basis points better than the prior-year quarter. Operating margin was -7.8%, 920 basis points better than the prior-year quarter. Net margin was -10.5%, 240 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $145.5 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $621.9 million. The average EPS estimate is $0.76.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,105 members out of 1,221 rating the stock outperform, and 116 members rating it underperform. Among 299 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 269 give SINA a green thumbs-up, and 30 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SINA is outperform, with an average price target of $63.69.
Internet software and services are being consumed in radically different ways, on new and increasingly mobile devices. Is SINA on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add SINA to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends SINA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.