LoopNet (NAS: LOOP) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LoopNet beat slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.
Gross margins increased, operating margins contracted, net margins shrank.
LoopNet booked revenue of $22.1 million. The two analysts polled by S&P Capital IQ looked for revenue of $21.9 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $20.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.07. The one earnings estimate compiled by S&P Capital IQ anticipated $0.08 per share on the same basis. GAAP EPS were -$0.07 for Q4 compared to $0.17 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 85.5%, 400 basis points better than the prior-year quarter. Operating margin was -12.0%, 1,190 basis points worse than the prior-year quarter. Net margin was -12.0%, 4,830 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $22.8 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $95.1 million. The average EPS estimate is $0.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,502 members out of 1,563 rating the stock outperform, and 61 members rating it underperform. Among 509 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 494 give LoopNet 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 LoopNet is hold, with an average price target of $18.91.
New technology paradigms and mobile devices are driving the next wave of Internet services. Many older companies won't survive the change, while fortunes will be made by the first movers in the field. Where does LoopNet fit in? What's the fortune-making change? Check out "The Two Words Bill Gates Doesn't Want You to Hear." Click here for instant access to this free report.
Add LoopNet to My Watchlist.
At the time thisarticle was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.