Grubhub (GRUB) Misses Q4 EPS by 2c; Issues Solid Rev Outlook

Grubhub (NYSE: GRUB) reported Q4 EPS of $0.23, $0.02 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $137.5 million versus the consensus estimate of $137.31 million.

GUIDANCE:

Grubhub sees Q1 2017 revenue of $148-156 million, versus the consensus of $150.13 million.

Grubhub sees FY2017 revenue of $620-660 million, versus the consensus of $619.49 million.

"Grubhub had a transformative year in 2016. We dramatically improved our product and reaccelerated order growth. Fueled by data-driven product enhancements, substantial strides in delivery, and a refreshed marketing approach, we exited the year growing DAGs faster than we did a year ago," said Matt Maloney, Grubhub CEO. "With Grubhub delivery now in roughly 70 markets across the country and a significantly improved restaurant network, we enter 2017 well positioned to press our market leading advantage and give Grubhub growth momentum for years to come."

For earnings history and earnings-related data on Grubhub (GRUB) click here.

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