NQ Mobile Inc (NQ) To Report Q4 Earnings On April 10

NQ Mobile Inc (NQ) To Report Q4 Earnings On April 10

NQ Mobile Inc (ADR) (NYSE:NQ) will announce its fourth quarter and full year 2013 results after the close of markets on Thursday, April 10, 2014. The company’s management will hold an earnings call in which they will discuss the results and outlook at 8:00 p.m. Eastern Time on the same day.

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Last week, the leading global provider of mobile Internet services announced that it would report its fourth quarter and full year 2013 earnings before April 15, 2014.

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Q4 estimates

According to Wall Street analysts, NQ Mobile Inc (ADR) (NYSE:NQ) is expected to clock in earnings per share of 32 cents on revenues of $62.8 million for the fourth quarter. That’s compared to EPS of 23 cents per share on revenue of $30 million in the corresponding quarter of last year.

Net revenue for the third quarter surged 110.1% year over year to $54.2 million, putting it significantly above the previous guidance range from the company of between $50 million and $51 million. NQ Mobile posted non-GAAP net income of $17.4 million, an increase of 113.8% year over year.

NQ Mobile Inc (ADR) (NYSE:NQ), for the fourth quarter, guided revenue to be in the range of $62 million to $63 million. For the full year, net revenue guidance range was raised to between $188 million and $191 million from $184 million previously.

NQ Mobile expensive than peers

NQ Mobile Inc (ADR) (NYSE:NQ) is thriving in its industry, with substantial revenue growth which outperforms the industry average of 10.9%. However, the third quarter surge in revenue did not tickle down to the bottom line. At present, NQ Mobile has zero debt to equity ratio, which is encouraging for investors. The quick ratio of the company came in at 4:14, reflecting the capacity of the company to cover short term cash needs.

In the previous year, shares of the company have performed better than the industry and the broader market. According to the analysts at The Street, the increase in the stock since last year has brought it to a level that is more expensive than peers in the industry. This suggests that the upside potential in the stock is limited.

In pre-market trading, NQ Mobile Inc (ADR) (NYSE:NQ) declined 1.98% to $17.13.

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Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com
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