Stamps.com (STMP) Tops Q1 EPS by 66c; Raises Outlook

Stamps.com (NASDAQ: STMP) reported Q1 EPS of $1.72, $0.66 better than the analyst estimate of $1.06. Revenue for the quarter came in at $81.8 million versus the consensus estimate of $68.73 million.

For 2016, the Company currently estimates revenue to be in a range of $310 to $330 million; this compares to previous guidance of $290 to $310 million. Non-GAAP net income per fully-diluted share is expected to be in a range of $6.00 to $6.50; this compares to previous guidance of $5.00 to $5.50. The consensus is $301.77 million and $5.28, respectively.

"We were pleased with the first quarter performance across all areas of our business," said Ken McBride, Stamps.com's chairman and CEO. "We made significant progress in the integration of Endicia and we began to realize synergies with that business. In addition, we experienced continued strong performance within our traditional SOHO, enterprise and high volume shipping businesses, as well as with our prior acquisitions of ShipStation and ShipWorks. As a result of the across-the-board strength we generated record top and bottom line performance, and we achieved record outcomes in several metrics such as paid customers, average revenue per paid customer, and total postage printed. With the expected continued strength in all areas of our businesses, we increased our 2016 guidance today."

For earnings history and earnings-related data on Stamps.com (STMP) click here.

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