Limelight Networks (NAS: LLNW) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Limelight Networks' revenues will wane -9.8% and EPS will remain in the red.
The average estimate for revenue is $45.6 million. On the bottom line, the average EPS estimate is -$0.05.
Last quarter, Limelight Networks chalked up revenue of $44.3 million. GAAP reported sales were 7.0% higher than the prior-year quarter's $41.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.05. GAAP EPS were -$0.10 for Q1 versus -$0.09 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 preceding quarter, gross margin was 53.7%, 110 basis points better than the prior-year quarter. Operating margin was -23.4%, 850 basis points worse than the prior-year quarter. Net margin was -22.6%, 110 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $188.7 million. The average EPS estimate is -$0.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 290 members out of 324 rating the stock outperform, and 34 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Limelight Networks a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Limelight Networks is outperform, with an average price target of $4.50.
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The article Limelight Networks Earnings Are on Deck originally appeared on Fool.com.
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