ValueClick Inc. Earnings: Beats Forecasts

ValueClick Inc. (NASDAQ:VCLK) reported net income above Wall Street’s expectations for the fourth quarter. ValueClick offers a suite of products and services that enable marketers to advertise and sell their products through online marketing channels such as display advertising, lead generation marketing, email marketing, and search marketing.

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ValueClick Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the advertising agency rose to $29.4 million (35 cents per share) vs. $21.1 million (26 cents per share) in the same quarter a year earlier. This marks a rise of 39.5% from the year earlier quarter.

Revenue: Rose 41.8% to $182.6 million from the year earlier quarter.

Actual vs. Wall St. Expectations: ValueClick Inc. reported adjusted net income of 47 cents per share. By that measure, the company beat the mean estimate of 29 cents per share. It beat the average revenue estimate of $175.6 million.

Quoting Management: “We completed a successful 2011 with strong fourth quarter results, including Media segment results that were driven by 20 percent organic growth in our display business, double digit growth in the Affiliate Marketing and Technology segments, and very strong performance by our recent acquisitions,” said Jim Zarley, chief executive officer of ValueClick.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 98.1%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose more than fourfold from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 4.8% and in the second quarter, the figure rose 41%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 31 cents in the third quarter, by one cent in the second quarter, and by 3 cents in the first quarter.

Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at 23 cents a share. For the fiscal year, the average estimate has moved down from $1.18 a share to $1.17 over the last ninety days.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com