Yandex Hits Estimates in a Solid Quarter

Seth Jayson, The Motley Fool
Updated

Yandex (NAS: YNDX) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Yandex met expectations on revenues and earnings per share.

Compared with the prior-year quarter, revenue expanded significantly, and GAAP earnings per share increased significantly.


Gross margins contracted, operating margins grew, net margins increased.

Revenue details
Yandex logged revenue of $211.3 million. The seven analysts polled by S&P Capital IQ expected a top line of $210.7 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $162.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.18. The three earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. GAAP EPS of $0.18 for Q2 were 50% higher than the prior-year quarter's $0.12 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 74.3%, 290 basis points worse than the prior-year quarter. Operating margin was 33.0%, 270 basis points better than the prior-year quarter. Net margin was 29.2%, 440 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $238.7 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $933.7 million. The average EPS estimate is $0.81.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 71 members out of 85 rating the stock outperform, and 14 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Yandex a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yandex is outperform, with an average price target of $30.74.

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The article Yandex Hits Estimates in a Solid Quarter 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 the co-advisor ofMotley 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 don't 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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