Bankrate (RATE) Reports In-Line Q1 EPS; Raises FY Rev Outlook

Bankrate (NYSE: RATE) reported Q1 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $136.5 million versus the consensus estimate of $127.42 million.

Bankrate sees FY2014 revenue of $540-550 million, versus prior guidance of $520-530 million and the consensus of $525.7 million.

"Bankrate is on a roll, with banking, credit cards and insurance all delivering double digit revenue growth over last year. Bankrate Insurance led the way, with 45% revenue growth," said Kenneth S. Esterow, President and CEO of Bankrate, Inc. "We are combining this operating momentum with strategic investments in optimization, personalization, and mobile to unlock even more value from our audience of 300 million annual visitors. And, we are excited to plug Caring.com into Bankrate's proven formula which thrives in massive verticals serving consumers seeking objective and comprehensive information. The stage is set, not only for strong 2014 performance, but also for growth and leadership longer term," Mr. Esterow added.

For earnings history and earnings-related data on Bankrate (RATE) click here.

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