UPDATE: Kar Auction Services (KAR) Misses Q4 EPS by 3c, FY17 Guidance Falls Short
(Updated - February 21, 2017 4:43 PM EST)
Kar Auction Services (NYSE: KAR) reported Q4 EPS of $0.45, $0.03 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $813.7 million versus the consensus estimate of $786.64 million.
017 Outlook
| (in millions, except per share amounts) | Annual Guidance | |||
| Adjusted EBITDA | $825 - $850 | |||
| Capital expenditures | $145 | |||
| Cash taxes | $165 | |||
| Cash interest on corporate debt | $120 | |||
| Free cash flow | $395 - $420 | |||
| Effective tax rate | 37% | |||
| Net income per share | $1.70 - $1.80 | |||
| Operating adjusted net income per share | $2.15 - $2.25 | |||
| Weighted average diluted shares | 139 | |||
(Street sees FY17 EPS of $2.41)
For earnings history and earnings-related data on Kar Auction Services (KAR) click here.