AutoNavi Holdings Increases Sales but Misses Revenue Estimate
Aug 15th 2012 1:07PM
Updated Aug 15th 2012 1:12PM
AutoNavi Holdings (NAS: AMAP) reported earnings on Aug. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), AutoNavi Holdings missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins dropped.
AutoNavi Holdings reported revenue of $40.2 million. The four analysts polled by S&P Capital IQ expected revenue of $40.9 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $32.9 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 $0.26. The three earnings estimates compiled by S&P Capital IQ predicted $0.26 per share. GAAP EPS of $0.16 for Q2 were 20% lower than the prior-year quarter's $0.20 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 74.9%, 320 basis points better than the prior-year quarter. Operating margin was 23.8%, 790 basis points worse than the prior-year quarter. Net margin was 21.9%, 720 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $41.1 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $157.6 million. The average EPS estimate is $0.84.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 19 members out of 34 rating the stock outperform, and 15 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give AutoNavi Holdings a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AutoNavi Holdings is buy, with an average price target of $17.76.
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The article AutoNavi Holdings Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.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 has no positions in the stocks mentioned above. 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.
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