A month has gone by since the last earnings report for Liberty Interactive Corporation . Shares have lost about 1.5% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Liberty Interactive Tops Q1 Earnings and Revenues
Liberty Interactive's quarterly GAAP net income came in at $91 million or $0.37 per share compared with $63 million or $0.36 per share in the prior-year quarter. Quarterly earnings per share of $0.37 were well above the Zacks Consensus Estimate of $0.33.
Meanwhile, the quarter’s total revenue of $2,323 million reflected a year-over-year decrease of 1.9% while surpassing the Zacks Consensus Estimate of $2,317 million.
Quarterly total operating income came in at $226 million compared with $206 million in the year-ago quarter. In the reported quarter, consolidated adjusted operating income before depreciation and amortization (OIBDA) was $445 million compared with $433 million in the year-ago quarter.
In the first quarter of 2017, Liberty Interactive generated $426 million of cash from operations compared with $294 million in the prior-year quarter. Free cash flow in the reported quarter was $396 million compared with $243 million in the year-ago quarter.
At the end of the first quarter of 2017, Liberty Interactive had total cash and marketable securities of $821 million compared with $825 million at the end of 2016. The company exited first-quarter 2017 with $7,930 million of outstanding debt compared with $8,042 million at the end of 2016. The debt-to-capitalization ratio at the end of the reported quarter was 0.99 compared with 0.51 at 2016-end.
QVC Segment
Quarterly revenues at the QVC division were down 2% year over year to $1,965 million. Revenues from the QVC U.S. segment were $1,370 million, down 3% year over year. Revenues from the QVC International segment were $595 million, down 2% year over year. QVC U.S. OIBDA was $336 million, up 3% year over year while QVC International OIBDA was $98 million, up 10% year over year.
zulily Segment
How Have Estimates Been Moving Since Then?
It turns out, fresh estimate flatlined during the past month. There has been one revision higher for the current quarter compared to one lower.
Liberty Interactive Corporation Price and Consensus
VGM Scores
At this time, Liberty Interactive's stock has a nice Growth Score of 'B', a grade with the same score on the momentum front. However, the stock was allocated a grade of 'A' on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'A'. If you aren't focused on one strategy, this score is the one you should be interested in.
Based on our scores, the stock is more suitable for value investors than those looking for growth and momentum.
Outlook
Notably, the stock has a Zacks Rank #3 (Hold). We expect in-line returns from the stock in the next few months.
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Why Is Liberty Interactive (QVCA) Down 1.5% Since the Last Earnings Report?
A month has gone by since the last earnings report for Liberty Interactive Corporation . Shares have lost about 1.5% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Liberty Interactive Tops Q1 Earnings and Revenues
Liberty Interactive's quarterly GAAP net income came in at $91 million or $0.37 per share compared with $63 million or $0.36 per share in the prior-year quarter. Quarterly earnings per share of $0.37 were well above the Zacks Consensus Estimate of $0.33.
Meanwhile, the quarter’s total revenue of $2,323 million reflected a year-over-year decrease of 1.9% while surpassing the Zacks Consensus Estimate of $2,317 million.
Quarterly total operating income came in at $226 million compared with $206 million in the year-ago quarter. In the reported quarter, consolidated adjusted operating income before depreciation and amortization (OIBDA) was $445 million compared with $433 million in the year-ago quarter.
In the first quarter of 2017, Liberty Interactive generated $426 million of cash from operations compared with $294 million in the prior-year quarter. Free cash flow in the reported quarter was $396 million compared with $243 million in the year-ago quarter.
At the end of the first quarter of 2017, Liberty Interactive had total cash and marketable securities of $821 million compared with $825 million at the end of 2016. The company exited first-quarter 2017 with $7,930 million of outstanding debt compared with $8,042 million at the end of 2016. The debt-to-capitalization ratio at the end of the reported quarter was 0.99 compared with 0.51 at 2016-end.
QVC Segment
Quarterly revenues at the QVC division were down 2% year over year to $1,965 million. Revenues from the QVC U.S. segment were $1,370 million, down 3% year over year. Revenues from the QVC International segment were $595 million, down 2% year over year. QVC U.S. OIBDA was $336 million, up 3% year over year while QVC International OIBDA was $98 million, up 10% year over year.
zulily Segment
How Have Estimates Been Moving Since Then?
It turns out, fresh estimate flatlined during the past month. There has been one revision higher for the current quarter compared to one lower.
Liberty Interactive Corporation Price and Consensus
Liberty Interactive Corporation Price and Consensus | Liberty Interactive Corporation Quote
VGM Scores
At this time, Liberty Interactive's stock has a nice Growth Score of 'B', a grade with the same score on the momentum front. However, the stock was allocated a grade of 'A' on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'A'. If you aren't focused on one strategy, this score is the one you should be interested in.
Based on our scores, the stock is more suitable for value investors than those looking for growth and momentum.
Outlook
Notably, the stock has a Zacks Rank #3 (Hold). We expect in-line returns from the stock in the next few months.