J2 Global (JCOM) Tops Q4 EPS by 2c, Revenues Beat; Offers FY20 EPS Mid-Point Guidance Below Consensus, FY20 Revenue Outlook Above Consensus

J2 Global (NASDAQ: JCOM) reported Q4 EPS of $2.38, $0.02 better than the analyst estimate of $2.36. Revenue for the quarter came in at $405.6 million versus the consensus estimate of $394.3 million.

“We had a tremendous finish to a very strong year and have more than doubled our revenues from five years ago,” said Vivek Shah, CEO of J2 Global. “We’re excited to carry that momentum into 2020 with a strong portfolio, balance sheet and leadership team.”

GUIDANCE:

J2 Global sees FY2020 EPS of $7.36-$7.66, versus the consensus of $7.62. J2 Global sees FY2020 revenue of $1.465-1.505 billion, versus the consensus of $1.45 billion.

• For fiscal 2020, the Company estimates that it will achieve: revenues between $1.465 billion and $1.505 billion, Adjusted EBITDA between $575 million and $595 million and Adjusted non-GAAP earnings per diluted share of between $7.36 and $7.66.
• Adjusted non-GAAP earnings per diluted share for 2020 excludes share-based compensation of between $19 million and $23 million, amortization of acquired intangibles and the impact of any currently unanticipated items, in each case net of tax.
• It is anticipated that the non-GAAP effective tax rate for 2020 (exclusive of the release of reserves for uncertain tax positions) will be between 21% and 23%.

For earnings history and earnings-related data on J2 Global (JCOM) click here.

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