Yandex NV Earnings: Here’s Why Investors are Selling Shares Now

Yandex NV (NASDAQ:YNDX) delivered a profit and missed 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 11.08%.

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Yandex NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 95.96% to $0.26 in the quarter versus EPS of $6.44 in the year-earlier quarter.

Revenue: Rose 45.24% to $290 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Yandex NV reported adjusted EPS income of $0.26 per share. By that measure, the company missed the mean analyst estimate of $8.66. It missed the average revenue estimate of $291 million.

Quoting Management:“Yandex delivered strong fourth quarter and full year 2012 results with robust revenue growth, solid search share and a continuing stream of important innovations,” said Arkady Volozh, Chief Executive Officer of Yandex. “In Q4, we launched key products aimed at improving the user experience, including new mobile apps, personalized search and our Yandex.Browser, which has already captured a considerable share of the Russian browser market. I am also proud to report that, for the first time ever, we became the fourth largest search engine in the world, according to comScore.”

Key Stats (on next page)…

Revenue increased 23.71% from $234.41 million in the previous quarter. EPS decreased 96.08% from $6.64 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 $0.20 to a profit $6.11. For the current year, the average estimate has moved up from a profit of $0.81 to a profit of $25.39 over the last ninety days.

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