Clean Sweep ‘earnings Beat’ By Blucora

Blucora Earnings

Blucora (BCOR), one of our best stocks to buy now, that operates in two internet businesses of online tax filing software TaxAct and white label search, announced strong second quarter results beating analysts’ estimates on revenue and earnings per share. Its revenue grew 16% YoY to $117.2 million along with its earnings adjusted growth of 9%.

Blucora stock price as seen from Blucora stock chart increased 7.1% on yesterday’s close primarily due to two positive sentiments. One reason being strong second quarter results and the other due to Monoprice acquisition announcement. Monoprice is into the business of selling cables online. This acquisition involved $180 million in an all-cash transaction and is expected to be immediately accretive to Blucora’s earnings per share. It is important to note that Monoprice generated an equal amount of revenue as Blucora. We continue our optimistic view on Blucora stock.
Blucora stock chart
Source: Blucora stock chart by Amigobulls

YY Inc Stock: Keeping the Chinese juggernaut rolling.

YY Inc (YY) is yet another case of a Chinese company delivering a phenomenal quarter. The Chinese company offering real time video engagement services, declared its quarterly performance for the June 2013 ending quarter last evening. A look at the performance revealed some interesting facts. The first among those facts is you don’t need to be a genius to know that this quarter has been nothing short of a record performance. YY Inc revenue saw a jump of 118% and as if that is not enough the operating margins at 20.2%, a margin increase of over 7% YoY. The earnings per share saw an increase of two times moving from RMB (1.72) in the year ago quarter to a positive of RMB 1.58 for Q2 2013. YY Inc stock price jumped 18% in after hours trading and we expect this rally to continue once the markets open on Friday.

YY Inc revenue chart
Source: YY Inc revenue chart by Amigobulls

Opentable Stock: An Open Feast For Investors.

Opentable (OPEN), which provides restaurant management system for restaurants and also online restaurant booking for customers, came out with what we call a strong quarterly performance.  Based on the quarterly results announced last evening after market close, the company has done everything to make this quarter a superb performance. Increasing Opentable revenue (15% YoY) accompanied by improved operating margins led to a 40% YoY jump in earnings per share. The Opentable stock is a certainly on our 'positive watch-list'. Follow us to know if this one makes it to the list of top stock picks.

A strong quarter for Vistaprint Stock.

Vistaprint (VPRT), which is into printing business cards, invitations and stationery, etc., delivered a solid fourth quarter results beating analysts’ earnings estimates by $0.08 to $0.41 per share. It was an all-round performance, post which one analyst has upgraded the stock to ‘outperform’ from ‘neutral’. Given a high PE ratio of ~60, we wouldn't prefer holding the stock in the near future. Also, the company has predicted a slower revenue growth of 6-10%, much lesser than the last year’s YoY growth of 14%.

Monster Worldwide Stock: No more the recruitment monster it once used to be!

Monster Worldwide (MWW), parent company of the global online career property Monster.com, came out with yet another disappointing quarterly performance. With losing market share to new age companies like LinkedIn (LNKD), the company saw a YoY decrease in revenues, which has now been the trend over the last 5 quarters. Monster Worldwide revenues declined by 11% and the operating margins dropped by over 2% on a YoY basis. The non-GAAP earnings per share of 9 cents/share, though in line with analyst estimates, saw a dip of 10% on a YoY basis. The company has not done enough to get onto our positive list. The Monster Worldwide stock fell by 3.85% in response to the earnings call, which happened before markets opened yesterday.

No ‘Value’ in ValueClick Stocks.

Goldman Sachs had downgraded ValueClick (VCLK), a company into online integrated marketing solutions, to ‘neutral’ rating from a ‘buy’ rating a few days back. This was due to lack of solid traction in the near-term. Second quarter revenue increased by a mere 4% YoY to $159.8 million. The company’s net income declined by 42% due to a negative impairment charge that hit on notes receivable. Post the announcement of results, shares sank 15% by $3.90 during after trading hours. We believe the initial increase in its share price was due to the repurchase program and it is a strong ‘no value’ firm in the near-future.

EarthLink Stock Misses Wall Street expectations!

EarthLink (ELNK), an internet service provider, missed to meet the Wall Street’s investors’ expectations, due to which Earthlink stock tanked by close to 7% on yesterday’s close. The revenue growth miss was a negative sign to those who had high expectations out of a high-growth company. Since the management claims to witness high demand across its products and services, analysts have retained a more positive outlook for the next-quarter’s performance. If its earnings grow at an average of 25-30%, then the company’s current PE ratio of 77 makes sense.

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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