Ellie Mae (ELLI) Tops Q4 EPS by 23c

February 11, 2016 4:15 PM

Ellie Mae (NYSE: ELLI) reported Q4 EPS of $0.44, $0.23 better than the analyst estimate of $0.21. Revenue for the quarter came in at $64.9 million versus the consensus estimate of $61.35 million.

GUIDANCE:

Ellie Mae sees Q1 2016 EPS of $0.29-$0.31, versus the consensus of $0.31. Ellie Mae sees Q1 2016 revenue of $67.5-68.5 million, versus the consensus of $67.96 million.

Ellie Mae sees FY2016 EPS of $1.79-$1.86, versus the consensus of $1.72. Ellie Mae sees FY2016 revenue of $317-321 million, versus the consensus of $306.43 million.

“Our better than expected fourth quarter performance capped an outstanding year for Ellie Mae,” said Jonathan Corr, president and CEO of Ellie Mae. “Fourth quarter year-over-year revenue growth of 39% was driven by the continued ramp of Encompass users and adoption of our services. Total seat bookings reached an all-time high of 16,200 during the quarter and included a record 8,700 new customer seats, demonstrating our ongoing business momentum and the value of our offerings. Even with the record number of seats we booked in 2015, our new business pipeline remains very robust.”

“We have built a powerful all-in-one mortgage management platform and network that provides one system of record for lenders to originate and fund mortgages, is deeply integrated with a broad array of vendors, investors and agencies, and allows lenders to achieve loan quality, regulatory compliance and operating efficiency. Building on our successes, as we enter 2016 we plan to continue to drive growth by adding new users, introducing new services, and driving continued adoption of all our services.”

For earnings history and earnings-related data on Ellie Mae (ELLI) click here.

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