OUTR

04-Feb-16 16:14 ET
Outerwall reports Q4 (Dec) results, beats on revs; guides FY16 EPS below consensus  (32.69 -0.95)
  • Reports Q4 (Dec) core earnings of $1.43 per share, may not be comparable to the Capital IQ Consensus of $0.64; revenues fell 11.8% year/year to $527.2 mln vs the $513.19 mln Capital IQ Consensus.
  • Co issues downside guidance for FY16, sees core EPS of $5.00-6.30 vs. $6.83 Capital IQ Consensus Estimate; sees core adjusted EBITDA of $340-380 million. Due to the difficulty in forecasting as a result of the content release schedule, accelerating secular decline, and the company’s focus on profitability and cash flow, Outerwall will not provide revenue guidance for 2016.
  • Courtesy of Briefing.com

Buys OUTR 235.0 in after market.

With $5.00 as the low end of guidance that puts the forward P/E at 5.

The problem is this is the second time they have guided down recently.

Beware.

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