Dice Holdings Earnings: Here’s Why the Stock is Down Now

Dice Holdings, Inc. (NYSE:DHX) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.32%.

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Dice Holdings, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 7.69% to $0.12 in the quarter versus EPS of $0.13 in the year-earlier quarter.

Revenue: Rose 9.26% to $50.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dice Holdings, Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company met the mean analyst estimate of $0.12. It missed the average revenue estimate of $50.6 million.

Quoting Management: Scot Melland, Chairman, President and CEO, said, “Since our last quarterly report, recruitment activity has been generally stable, with continued low turnover levels and modest growth. We are squarely focused on strategies which will allow us to develop an even stronger market position: growing our communities, investing in customer relationships and enhancing our products.” Mr. Melland added, “Front and center is our new Open Web technology. During the quarter, the number of recruiters using Open Web increased, as did the number of searches and profile views. Even though we are in the early stages of development, we are excited by Open Web’s potential.”

Key Stats (on next page)…

Revenue decreased 4.44% from $52.74 million in the previous quarter. EPS decreased 20% from $0.15 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.16 and has not changed. For the current year, the average estimate is a profit of $0.63, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)