Constant Contact, Inc. (CTCT) Slammed after 'Miss and Guide Down'

Shares are Constant Contact, Inc. (NASDAQ: CTCT) are under heavy pressure early Friday (-18.2%) after a miss and guide down after the close.

The company reported Q1 EPS of $0.22, $0.02 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $94.43 million.

Constant Contact, Inc. sees Q2 2015 EPS of $0.21-$0.22, versus the consensus of $0.43. Constant Contact, Inc. sees Q2 2015 revenue of $915-92 million, versus the consensus of $98.5 million.

Constant Contact, Inc. sees FY2015 EPS of $1.29-$1.38, versus prior guidance of $1.38 and the consensus of $1.37. Constant Contact, Inc. sees FY2015 revenue of $371-377 million, versus prior guidance of $388 million and the consensus of $388.3 million.

“We were disappointed with the mixed results for the quarter, as revenue came in below expectations while profitability was better than expected,” said Gail Goodman, chief executive officer of Constant Contact. “In the quarter we didn’t deliver an acceleration in customer additions as expected, which resulted in missing our revenue goal. Given the current trends, we are adjusting down our revenue plans for the remainder of the fiscal year.”

“We are confident in our strategy for an integrated marketing suite for small businesses and organizations,” continued Goodman. “However, it is clear that we need to execute better. We have a framework to deliver sustainable revenue growth of greater than 20 percent, coupled with profit margins greater than 20 percent, and while disappointed by the near term setback, we are confident in our ability to deliver on this goal over time.”

For earnings history and earnings-related data on Constant Contact, Inc. (CTCT) click here.

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