51job, Inc. (JOBS) Tops Q1 EPS by 7c

51job, Inc. (NASDAQ: JOBS) reported Q1 EPS of $0.79, $0.07 better than the analyst estimate of $0.72. Revenue for the quarter came in at $135.9 million versus the consensus estimate of $141.7 million.

Business Outlook

Based on current market and operating conditions, the Company's net revenues target for the second quarter of 2019 is in the estimated range of RMB935 million to RMB975 million (US$139.3 million to US$145.3 million). Guidance for earnings per share is provided on a non-GAAP basis due to the inherent difficulty in forecasting the future impact of certain items, such as gain/loss from foreign currency translation and change in fair value of convertible senior notes. The Company is not able to provide a reconciliation of these non-GAAP items to expected reported GAAP earnings per share, without unreasonable efforts, due to the unknown effect and potential significance of such future impact and changes. Excluding share-based compensation expense, any gain or loss from foreign currency translation, and any mark-to-market gain or loss associated with a change in fair value of convertible senior notes, as well as the related tax effect of these items, the Company's non-GAAP fully diluted earnings target for the second quarter of 2019 is in the estimated range of RMB4.15 to RMB4.45 (US$0.62 to US$0.66) per share. The Company expects total share-based compensation expense in the second quarter of 2019 to be in the estimated range of RMB29 million to RMB30 million (US$4.3 million to US$4.5 million).

For earnings history and earnings-related data on 51job, Inc. (JOBS) click here.

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