OpenTable Earnings: Here’s Why Shares are Down Now

OpenTable, Inc. (NASDAQ:OPEN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.6%.

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OpenTable, Inc. Earnings Cheat Sheet

Results: Net income increased 7.3% to $7.5 million (46 cents per diluted share excluding items) in the quarter versus a net gain of $6.99 million in the year-earlier quarter.

Revenue: Rose 15.68% to $43 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: OpenTable, Inc. reported adjusted net income of 46 cents per share. By that measure, the company beat the mean analyst estimate of $0.43. It beat the average revenue estimate of $42.54 million.

Quoting Management: “Our business continued to demonstrate strong momentum in 2012,” said Matt Roberts, President and CEO of OpenTable. “The shift to mobile coupled with richer customer experiences represent long-term opportunities for the business, and we’re pleased with the recent progress in our international segment.”

Key Stats (on next page)…

Revenue increased 8.2% from $39.74 million in the previous quarter. Net income increased 26.05% from $5.95 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.45 to a profit $0.46. For the current year, the average estimate has moved up from a profit of $1.66 to a profit of $1.67 over the last ninety days.

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