DealerTrack Holdings Second Quarter Earnings Sneak Peek

DealerTrack Holdings, Inc. (NASDAQ:TRAK) will unveil its latest earnings on Monday, August 8, 2011. DealerTrack Holdings, Inc. is a provider of on-demand software and data solutions for the automotive retail industry in the United States.

DealerTrack Holdings, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 16 cents per share, a rise of twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 13 cents. For the year, analysts are projecting net income of 63 cents per share, a rise of 80% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported profit of 25 cents per share versus a mean estimate of net income of 7 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $82.3 million in revenue this quarter, a rise of 32.9% from the year ago quarter. Analysts are forecasting total revenue of $328.2 million for the year, a rise of 34.6% from last year’s revenue of $243.8 million.

Analyst Ratings: Analysts seem relatively indifferent about DealerTrack Holdings with seven of 10 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 35.9% to $77.2 million in first quarter. The figure rose 16.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 7.3% in the third quarter of the last fiscal year from the year-ago quarter and 7% in the second quarter of the last fiscal year.

Competitors to Watch: Automatic Data Processing (NASDAQ:ADP), Openwave Systems Inc. (NASDAQ:OPWV), Equifax Inc. (NYSE:EFX), ModusLink Global Solutions, Inc. (NASDAQ:MLNK), SourcingLink.net, Inc. (SNET), Solera Holdings, Inc. (NYSE:SLH), Keynote Systems, Inc. (NASDAQ:KEYN), PurchasePro.com, Inc. (PROEQ), HealthGate Data Corp. (HGAT), and Locateplus Holdings Corp. (LPHC).

Stock Price Performance: During July 5, 2011 to August 2, 2011, the stock price had dropped $1.98 (-8.3%) from $23.89 to $21.91. 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, rising 15.2% (+$3.25) over that span. It saw one of its worst periods between May 18, 2011 and May 24, 2011 when shares fell for five-straight days, falling 7.1% (-$1.66) over that span. Shares are up $1.84 (+9.2%) year to date.

(Source: Xignite Financials)

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