Yandex Beats on Both Top and Bottom Lines

Yandex (Nasdaq: YNDX  ) reported earnings on Feb. 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Yandex beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.

Margins dropped across the board.

Revenue details
Yandex booked revenue of $292.8 million. The six analysts polled by S&P Capital IQ expected to see sales of $285.7 million on the same basis. GAAP reported sales were 44% higher than the prior-year quarter's $200.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.29. The three earnings estimates compiled by S&P Capital IQ averaged $0.28 per share. Non-GAAP EPS of $0.29 for Q4 were 38% higher than the prior-year quarter's $0.21 per share. GAAP EPS of $0.26 for Q4 were 30% higher than the prior-year quarter's $0.20 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 76.5%, 40 basis points worse than the prior-year quarter. Operating margin was 35.2%, 520 basis points worse than the prior-year quarter. Net margin was 30.5%, 250 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $259.4 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $1.24 billion. The average EPS estimate is $1.11.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 151 members out of 164 rating the stock outperform, and 13 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Yandex a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yandex is outperform, with an average price target of $29.33.

Internet software and services are being consumed in radically different ways, on new and increasingly mobile devices. Is Yandex on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

• Add Yandex to My Watchlist.