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comScore’s Own Guidance Measured Short By Traders (SCOR)

It appears that Internet audience measurement service comScore Inc. (NASDAQ: SCOR) is being treated roughly on its guidance after earnings this evening. The company just posted revenues of $25.3 million, compared to its $25.0 to $25.3 million prior range and…

By Douglas A. McIntyre
Published February 7, 2008, 5:17pm ET · 2 min read

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It appears that Internet audience measurement service comScore Inc. (NASDAQ: SCOR) is being treated roughly on its guidance after earnings this evening.

The company just posted revenues of $25.3 million, compared to its $25.0 to $25.3 million prior range and compared to First Call estimates of $25.18 million.  Its GAAP EPS was $0.42 at $12.7 million, but this included an income tax benefit of $8.1 million and included a $392,000 charge from its IPO.  Its non-GAAP earnings were were $0.21 based upon $6.4 million.  It had previously guided $6.2 to $6.5 million in non-GAAP earnings and First Call had estimates at $0.19 non-GAAP EPS.

comScore also noted that deferred revenue was $33.0 million and it added 58 new customers to total 895 customers.

ComScore is putting next quarter guidance at $0.10 to $0.11 non-GAAP EPS on $25.9 to $26.2 million in revenues, while First Call has estimates at $0.16 EPS on $25.3+ million in revenues.  comScore is also putting guidance for 2008 at $0.55 to $0.58 non-GAAP EPS on $112.2 to $113.2 million in annual revenues, while First Call has estimates at $0.79 non-GAAP EPS on $112.6 million in revenues.  We would note that this guidance for 2008 may be impacted by a deferred tax item.  We’d also note that the company noted it has a seasonally high burden in the first quarter due to payroll taxes and vacation accruals, and it even noted a ramp up in sales and technology groups.

Shares closed up over 6% today at $27.45.  But as the market is in a show-me mode, shares  are trading down 11% from its closing price at $24.40 in after-hours trading.  The 52-week trading range is $19.70 to $42.00.

Jon C. Ogg
February 7, 2008

Contact [email protected] for any questions or corrections.

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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