Fleetmatics Group (FLTX) Tops Q3 EPS by 7c, Updates Guidance

Fleetmatics Group (NYSE: FLTX) reported Q3 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $73.5 million versus the consensus estimate of $72.93 million.

Fleetmatics Group sees FY2015 EPS of $1.44-$1.47, versus the consensus of $1.38. Fleetmatics Group sees FY2015 revenue of $284-285 million, versus the consensus of $283 million.

• Adjusted EBITDA1 is expected to be in the range of $91.0 million to $92.0 million.
• The Company expects total revenue to be in the range of $76.5 million to $77.5 million. Adjusted EBITDA1 is expected to be in the range of $23.8 million to $24.8 million. Non-GAAP1 adjusted earnings per share is expected to be in the range of $0.37 to $0.40 based on approximately 39.8 million weighted average diluted shares outstanding.

“We remain well positioned to deliver strong top and bottom line growth in 2015,” said Steve Lifshatz, Chief Financial Officer of Fleetmatics. “Our preliminary estimates for 2016 call for full year revenues in the range of $340 million to $345 million. We also expect to drive expanded full year adjusted EBITDA margins of 33%-34% in 2016 – in line with our plans for accelerating profitability growth. We will provide formal detailed guidance for 2016 when we release results for the fourth quarter of 2015.”

For earnings history and earnings-related data on Fleetmatics Group (FLTX) click here.

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