Vistaprint Beats on Earnings - Analyst Blog


Vistaprint N.V ( VPRT ), an online provider of professional marketing products and services, reported a net income of $5.9 million or 17 cents per share in third quarter fiscal 2013 (ending Mar 31, 2013) compared to $0.3 million or 1 cent in the year-earlier quarter. The increase in earnings was driven by low advertising and operating expenses.

Excluding one-time items, adjusted earnings were $16.9 million or 48 cents per share compared to $11.2 million or 29 cents in the year-ago quarter. The quarterly adjusted earnings were well above the Zacks Consensus Estimate of 9 cents.  

Total revenue increased 12% year over year to $287.7 million in third quarter 2013. The reported earnings missed the Zacks Consensus Estimate of $289 million.

Geographically, revenues  was up 15% year over year in North America, followed up with Europe (up 8%) and Most of  world (up 6%) year over year in the reported quarter.

In the reported quarter, gross margin was flat year over year at 65.5%. Operating income increased to $9.7 million from $7.8 million in the prior-year quarter.

Balance Sheet & Cash Flow

The company exited the quarter with $51.3 million in cash and cash equivalents. Debt stood at $238.5 million, with $237.3 million available under its credit facility. Vistaprint purchased 410,400 shares for $16.2 million in the quarter under its existing share repurchase program.

Subsequent to the end of the quarter, the company purchased an additional 493,700 shares for $18.7 million,

The company generated $8.1 million in cash from operations with capital expenditure of $11.2 million


For the fourth quarter of fiscal 2013, the company expects revenues in the range of of $263 million to $278 million. Fiscal 2013 revenues are expected in the range of $1,150 million - $1,165 million with GAAP earnings in the range of 60 cents-80 cents per share. Adjusted earnings for full fiscal are expected in the range of $1.94-$2.14 per share with capital expenditures of $85 million to $95 million.

Vistaprint remains focused on leveraging its investment and expect meaningful earnings growth and margin expansion in fiscal year 2014.

Vistaprint currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering in the industry are Automatic Data Processing, Inc ( ADP ), Barrett Business Services Inc ( BBSI ) and Genpact Ltd ( G ), each carrying a Zacks Rank #2 (Buy).

AUTOMATIC DATA (ADP): Free Stock Analysis Report

BARRETT BUS SVS (BBSI): Free Stock Analysis Report

GENPACT LTD (G): Free Stock Analysis Report

VISTAPRINT NV (VPRT): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Earnings , Stocks

Referenced Stocks: ADP , BBSI , G , VPRT

More from

Related Videos

Top Home Financing Myths
Top Home Financing Myths            




Most Active by Volume

  • $17.88 ▼ 1.38%
  • $18.51 ▼ 6.98%
  • $94.01 ▼ 1.26%
  • $121.30 ▼ 0.87%
  • $23.28 ▼ 9.17%
  • $14.20 ▼ 0.77%
  • $14.83 ▼ 1.79%
  • $46.70 ▼ 0.38%
As of 7/31/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by