iClick Interactive Asia (ICLK) Q3 2019 Earnings: What Can You Expect?

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iClick Interactive Asia Group Limited (NASDAQGM:ICLK) is scheduled to report Q3 earnings results at 8:00 a.m. ET on November 26, 2019. You can find more information about the conference call here.

The company is expected to report earnings of -$0.03/share on revenue of $52.308 million. The consensus earnings per share (EPS) of -$0.03/share is based on a poll of 2 analysts and represents a decline over the same quarter last year when the company reported earnings of -$0.02/share.

The revenue forecast of $52.308 million based on a poll of 2 analysts implies a year-over-year (YoY) growth of 22.8%. Last year the company reported $42.587 million in revenue for the quarter.

Expected to report EPS of -$0.03/share for Q3, 2019
Metric Expected Prior Year YoY Change
Revenue $52.31 $42.59 22.8%
EPS -$0.03 -$0.02 NM

Earnings Call Trends

Historically, management has exceeded analyst expectations 3 out of the last 6 tracked quarters, missed 1 quarter, and met expectations 2 quarters. What are your expectations from iClick Interactive Asia for earnings this quarter? Let us know in the comments!

Analyst Expected vs Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2019 -$0.04 -$0.02 NM Beat
Q1, 2019 -$0.04 -$0.02 NM Beat
Q4, 2018 -$0.03 -$0.02 NM Beat
Q3, 2018 -$0.02 -$0.02 NM Meet
Q2, 2018 -$0.02 -$0.02 NM Meet
Q4, 2017 -$0.03 -$0.13 NM Missed

One question we always consider here at the Bankers’ Tribune is how important are earnings reports to iClick Interactive Asia’s stock price performance? It’s more important for some companies than for others.

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2019, the stock price did not react much to the update.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
2019-08-26 $3.17 $3.16 -0.3% Decline
2019-05-29 $3.71 $3.75 1.1% Increase
2019-03-25 $4.35 $3.82 -12.2% Decline
2018-11-28 $3.73 $3.76 0.8% Increase

Fundamentals And Technical Analysis

iClick Interactive Asia is currently trading at $3.18/share, down -4.2% for the day. The company is trading at approximately 53.9% of its 52-week high of $5.90/share. The company’s stock price is up 0.6% since the last earnings report and down -3.6% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 58.57 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.

The current share price implies a price-to-earnings (P/E) multiple of -5.3x and a forward P/E multiple of -30.9x. iClick Interactive Asia’s current share price also implies a price-to-book (P/B) multiple of 1.8x. The following table summarizes some other key fundamental ratios:

Data as of November 25, 2019
Metric Value
Last Fiscal Period FY2019.Q2
Period End Date June 30, 2019
Stock Price (Current) $3.18
P/E Ratio -5.3x
P/E Ratio (Fwd) -30.9x
PEG Ratio 0.1
Total Debt to Capital (%) 24.0%
Levered Free Cash Flow zero
Enterprise Value / EBITDA -7.9x

Source: Finbox

Company Profile: iClick Interactive Asia Group Limited

iClick Interactive Asia Group Limited is a micro-cap stock with a market capitalization of $189.4 million and a total enterprise value of $209.7 million. The company operates in the Communication Services sector and Media industry.

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People’s Republic of China, Hong Kong, and internationally. The company offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or boost brand awareness; iAccess and iActivation, an audience engagement and activation solutions, respectively tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.

It also provides mobile marketing solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.

In addition, the company offers enterprise solutions, which help clients collate information from different consumer touchpoints both offline and online, and integrate them into a single data management platform to drive sales and marketing decisions to new retail, online education, real estate, and other sectors. It sells its solutions by entering into sales contracts with entities or marketing agencies, including marketing campaign contracts.

The company was formerly known as Optimix Media Asia Limited and changed its name to iClick Interactive Asia Group Limited in March 2017. iClick Interactive Asia Group Limited was founded in 2009 and is headquartered in Quarry Bay, Hong Kong.

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