Dealertrack Hldgs Inc First Quarter Earnings Sneak Peek

Dealertrack Hldgs Inc (NASDAQ:TRAK) will unveil its latest earnings on Tuesday, May 8, 2012. DealerTrack Holdings is a provider of on-demand software and data solutions for the automotive retail industry in the United States.

Dealertrack Hldgs Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 16 cents per share, a decline of 36% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 23 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 16 cents during the last month. For the year, analysts are projecting net income of 83 cents per share, a decline of 18.6% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting profit of 24 cents per share against a mean estimate of net income of 16 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $84.2 million in revenue this quarter, a rise of 9.1% from the year-ago quarter. Analysts are forecasting total revenue of $370.3 million for the year, a rise of 4.8% from last year’s revenue of $353.3 million.

Analyst Ratings: Analysts seem relatively indifferent about Dealertrack Hldgs with five of eight analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $32.9 million (77 cents a share) from a loss of $26.4 million (66 cents) a year earlier, beating analyst estimates. Revenue rose 47.2% to $91.3 million from $62 million.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 44.7% over the last four quarters.

Stock Price Performance: Between March 6, 2012 and May 2, 2012, the stock price had risen $2.13 (7.5%), from $28.46 to $30.59. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 15.2% (+$3.25) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight days, dropping 26.3% (-$6.09) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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