CDK Global (CDK) Reports In-Line Q4 EPS; Issues FY16 Outlook

CDK Global (NASDAQ: CDK) reported Q4 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $503.1 million versus the consensus estimate of $520.23 million.

Fiscal 2016 Forecast

In order to present fiscal 2016 and 2015 on a comparable basis, fiscal 2015 has been adjusted from the current presentation of fiscal 2015 results. Certain non-GAAP items included in fiscal 2015 for comparability to fiscal 2014 have been removed from the presentation comparison to fiscal 2016. Please refer to the tables at the end of this release for the bridge between both fiscal 2015 presentations. On this adjusted basis, the forecast is as follows:

• Adjusted revenues – we anticipate 4% to 5% growth from $2,017.3 million in fiscal 2015
• Adjusted earnings before income taxes – we anticipate at least 25% growth from the adjusted $330.5 million in fiscal 2015
• Adjusted pretax margin – we anticipate at least 300 basis points of expansion from the adjusted 16.4% in fiscal 2015
• Adjusted EBITDA margin – we anticipate at least 300 basis points of expansion from the adjusted 22.9% in fiscal 2015
• Adjusted net earnings attributable to CDK – we anticipate over 25% growth from the adjusted $208.2 million in fiscal 2015
• Adjusted diluted net earnings attributable to CDK per share – we anticipate over 25% growth from the adjusted $1.29 in fiscal 2015

For earnings history and earnings-related data on CDK Global (CDK) click here.

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