ValueClick Inc. Earnings Cheat Sheet: Beats Wall Street Expectations

ValueClick, Inc. (NASDAQ:VCLK) reported net income above Wall Street’s expectations for the third 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 Third Quarter

Results: Net income for ValueClick, Inc. rose to $37.9 million (47 cents per share) vs. $36.2 million (44 cents per share) in the same quarter a year earlier. This marks a rise of 4.8% from the year earlier quarter.

Revenue: Rose 27.4% to $136 million from the year earlier quarter.

Actual vs. Wall St. Expectations: VCLK reported adjusted net income of 55 cents per share. By that measure, the company beat the mean estimate of 21 cents per share. Analysts were expecting revenue of $137.4 million.

Quoting Management: “We delivered strong organic growth and profitability in the quarter, while strengthening our display capabilities and direct advertiser relationships with the Dotomi acquisition,” said Jim Zarley, chief executive officer of ValueClick. “The organic initiatives and acquisitions we completed over the last twelve months provide us with a unique set of capabilities at scale, and I am optimistic that we can leverage these competitive strengths to drive strong, sustainable growth and meaningful profitability going forward.”

Key Stats:

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

Revenue has risen the past four quarters. Revenue increased 25.6% to $125.1 million in the second quarter. The figure rose 21.8% in the first quarter from the year earlier and climbed more than fourfold in the fourth quarter of the last fiscal year from the year-ago quarter.

The company has now seen net income rise in two straight quarters. In the second quarter, net income rose 41% from the year earlier.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from 30 cents a share to 28 cents over the last ninety days. Over the past sixty days, the average estimate for the fiscal year has reached 91 cents abs per share, a decline from 92 cents.

Competitors to Watch: Inuvo, Inc. (AMEX:INUV), Harte-Hanks, Inc. (NYSE:HHS), interCLICK Inc (NASDAQ:ICLK), National CineMedia, Inc. (NASDAQ:NCMI), SuperMedia Inc (NASDAQ:SPMD), Lamar Advertising Company (NASDAQ:LAMR), Interpublic Group of Companies, Inc. (NYSE:IPG), and Omnicom Group Inc. (NYSE:OMC).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)