Leju Holdings (LEJU) Tops Q4 EPS by 8c, Beats on Revenues; Offers 1Q Revenue Outlook Below Consensus

Note: EPS may not be comparable

Leju Holdings (NYSE: LEJU) reported Q4 EPS of ($0.14), $0.08 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $106.4 million versus the consensus estimate of $96.3 million.

Fourth Quarter 2017 Results

• Total revenues were $106.4 million, an increase of 1% from $104.9 million for the same quarter of 2016.
• Revenues from e-commerce services were $71.2 million, a slight increase from $70.9 million for the same quarter of 2016.
• Revenues from online advertising services were $32.7 million, an increase of 16% from $28.2 million for the same quarter of 2016, primarily due to an increase in property developers\' demand for online advertising.
• Revenues from listing services were $2.4 million, a decrease of 58% from $5.8 million for the same quarter of 2016, primarily due to a decrease in secondary real estate brokers\' demand.
• Cost of revenues was $19.6 million, an increase of 40% from $14.0 million for the same quarter of 2016, primarily due to increased cost of advertising resources purchased, partially offset by decreased staffing cost as a result of headcount change.
• Selling, general and administrative expenses were $112.3 million, a decrease of 15% from $131.4 million for the same quarter of 2016, primarily due to decreased marketing expenses related to the Company\'s e-commerce business, and decreased salary as a result of headcount change.
• Loss from operations was $25.4 million, compared to $38.2 million for the same quarter of 2016. Non-GAAP loss from operations was $21.7 million, compared to $33.7 million for the same quarter of 2016.
• Net loss was $22.5 million, compared to 26.4 million for the same quarter of 2016. Non-GAAP net loss was $19.4 million, compared to $23.8 million for the same quarter of 2016.
• Net loss attributable to Leju shareholders was $22.3 million, or $0.16 per diluted ADS, compared to $25.5 million, or $0.19 per diluted ADS, for the same quarter of 2016. Non-GAAP net loss attributable to Leju shareholders was $19.2 million, or $0.14 per diluted ADS, compared to $22.9 million, or $0.17 per diluted ADS, for the same quarter of 2016.

Business Outlook

The Company estimates that its total revenues for the first quarter of 2018 will be approximately $75 million to $77 million, which would represent an increase of approximately 10% to 13% from $68.3 million for the same quarter in 2017. This forecast reflects the Company\'s current and preliminary view, which is subject to change.

GUIDANCE:

Leju Holdings sees Q1 2018 revenue of $75-77 million, versus the consensus of $77.3 million.

For earnings history and earnings-related data on Leju Holdings (LEJU) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) Tops Q2 EPS by 24c
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c