Vonage (VG) Reports In-Line Q4 EPS, Slight Miss on Revenues; Offers FY18 Revenues Outlook Above Consensus
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Financial Fact:
Other income (expense), net: -495K
Today's EPS Names:
FRSB, DGICA, UXIN, More
Financial Fact:
Other income (expense), net: -495K
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Vonage (NYSE: VG) reported Q4 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $254.02 million versus the consensus estimate of $254.07 million.
2018 Outlook
The Company\'s guidance reflects the adoption of the new Revenue from Contracts with Customers (Topic 606) revenue recognition standard that is effective beginning January 1, 2018. For 2018, Vonage expects the following:
- Consolidated revenues in the range of $1,030 million to $1,045 million
- Vonage Business revenues in the range of $590 million to $605 million, with first quarter 2018 Vonage Business revenues expected to be in the range of $136 million to $137 million
- Consumer revenues in the range of $435 million to $440 million reflecting the Company's continued focus on optimizing the business for cash flow
- Consolidated Adjusted OIBDA of at least $195 million, including the impact of Topic 606, with first quarter 2018 Adjusted OIBDA in the low $40 million area.
- Capex of approximately $35 million; Adjusted OIBDA minus capex of at least $160 million.
GUIDANCE:
Vonage sees FY2018 revenue of $1.03-1.045 billion, versus the consensus of $1.03 billion.
For earnings history and earnings-related data on Vonage (VG) click here.
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