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HomeAway Reports Fourth Quarter Earnings

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HomeAway (NASDAQ: AWAY) reported its fourth quarter earnings on February 19. The stock skyrocketed up a staggering $3.54 or 8.24 percent. It was at $46.50 per share in after-hours trading, to a market capitalization of 3.69 billion.

HomeAway missed its earnings estimates of $0.14 per share, yet still managed to climb higher in after-hours trading. The company reported earnings of $0.08 per share. Revenues also rose 26.1 percent year-over-year to an aggregate total of $90.3 million. The consensus analyst estimate for this quarter was $87.36 million.

HomeAway issued guidance that was better than expected for the first quarter of 2014. The company expects revenues to be $102.1 to $103.3 million; this was much higher than what analysts had expected (98.85 million).

Additionally, paid listings increased 25 percent to a grand total of 889,875, which was 711,631 the year before. In addition, revenue per listing during the fourth quarter was $377, which represented an 8.0 percent increase from $349 a year before. Unfortunately, renewal rate declined 1.3 percent that represents a loss of clients.

The company might be hoping the usage of the home site will increase, as home sales increase in this improving economy.

Posted-In: Earnings News Guidance


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