Carbonite Beats on Both Top and Bottom Lines

Carbonite (Nasdaq: CARB  ) reported earnings on Feb. 4. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Carbonite beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share dropped.

Margins grew across the board.

Revenue details
Carbonite logged revenue of $23.7 million. The seven analysts polled by S&P Capital IQ expected sales of $23.2 million on the same basis. GAAP reported sales were 37% higher than the prior-year quarter's $17.3 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 -$0.01. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.06 per share. GAAP EPS were -$0.09 for Q4 versus -$0.24 per share for the prior-year quarter.

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 65.9%, 500 basis points better than the prior-year quarter. Operating margin was -8.8%, 2,640 basis points better than the prior-year quarter. Net margin was -9.4%, 2,590 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $24.5 million. On the bottom line, the average EPS estimate is -$0.17.

Next year's average estimate for revenue is $108.1 million. The average EPS estimate is -$0.41.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 17 members out of 51 rating the stock outperform, and 34 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Carbonite a green thumbs-up, and 23 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carbonite is outperform, with an average price target of $11.58.

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