Earnings Preview: Velti Reports August 14

| About: VELTI PLC (VELTF)

Velti Plc (VELT) is scheduled to report its Q2 2012 results on August 14, 2012, before the market opens. The street expects EPS and revenue of ($0.01) loss and $56.88M, respectively.

In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, and the latest news from Velti.

Velti Plc Revenue and Net Income History

Recent EPS Actuals vs. Estimates

In the last quarter it reported ($0.02) loss per share, in-line with analyst estimates.

Velti Plc EPS Historical Results vs Estimates

The consensus EPS estimate is ($0.01) loss based on 7 analysts' estimates, up from ($0.04) loss a year ago. Revenue estimates are $56.88M, up from $34.36M a year ago. The median target price by analysts for the stock is $19.00.

Average recommendation: Buy

Source: Marketwatch

Analyst Upgrades and Downgrades

  • On March 13, 2012, Needham reiterated Buy rating for the company.

Latest News

  • On May 15, 2012, Velti Plc announced that for the second quarter of 2012, it expects revenue to be in the range of $55.0-$59.0 million and adjusted EBITDA to be in the range of $4.5-$7.0 million.
  • On March 12, 2012, Velti Plc announced that for first quarter of 2012, it expects revenue to be in the range of $44.0-$48.0 million and adjusted EBITDA in the range of $3.5-$5.5 million.
  • On March 12, 2012, Augme Technologies, Inc. (AUGT.OB) announced that it has filed a patent infringement lawsuit in the United States District Court of Delaware against Velti Plc's Velti USA, Inc., (Defendant).

Technical Overview


The stock has a market capitalization of $407.31M and is currently trading at $6.49 with a 52 week range of $4.99 - $14.65. The stock's year-to-date performance has been -4.56%. It is currently trading above 20- and 50-day SMAs, but below the 200-day SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.