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.
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