Autobytel (ABTL) Tops Q1 EPS by 7c, Beats on Revenue; Offers FY17 Guidance

Autobytel (NASDAQ: ABTL) reported Q1 EPS of $0.26, $0.07 better than the analyst estimate of $0.19. Revenue for the quarter came in at $37.3 million versus the consensus estimate of $34.96 million.

GUIDANCE:

Autobytel sees FY2017 EPS of $1.24-$1.28, versus the consensus of $1.26. Autobytel sees FY2017 revenue of $156-160 million, versus the consensus of $158.85 million.

2017 Business Outlook

Autobytel continues to expect 2017 revenue to range between $156.0 million and $160.0 million, representing an increase of approximately 4% to 7% from 2016. The company also expects non-GAAP income to range between $16.8 million and $17.3 million, representing an increase of up to approximately 3% from 2016, with non-GAAP diluted EPS ranging between $1.24 and $1.28 on 13.5 million shares.

First Quarter 2017 Financial Highlights vs. Year-Ago Quarter

• Total revenues increased to a record $37.3 million, up 8% vs. the prior year adjusted quarter.
• Advertising revenues increased 112% to a record $8.0 million, with click revenues up 152% to $6.5 million.
• Net income increased to $0.5 million or $0.04 per diluted share vs. an adjusted net loss of $0.7 million or $(0.07) per share in the prior year quarter.
• Non-GAAP income increased to $3.5 million or $0.26 per diluted share, a 24% increase over the prior year quarter adjusted Non-GAAP income and Non-GAAP income per diluted share.

For earnings history and earnings-related data on Autobytel (ABTL) click here.

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