Rentrak (RENT) Tops Q4 EPS by 4c, Reiterated FY16 Guidance

Rentrak (NASDAQ: RENT) reported Q4 EPS of ($0.03), $0.04 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $28.5 million versus the consensus estimate of $29.66 million.

Rentrak reiterated its fiscal 2016 guidance and select longer-term metrics, including:

• Total company revenue growth of 36 percent to 39 percent.
• TV Everywhere™ revenue growth of 55 percent to 65 percent.
• Movies Everywhere™ is expected to pick up in the second half of fiscal 2016 related to anticipated contract renewal increases for large domestic studios. The product line will continue to be affected by foreign exchange movements.
• Adjusted EBITDA before acquisition and reorganization costs of $22.7 million to $25.9 million, or 16 percent to 18 percent of revenues.
• Longer-term adjusted EBITDA return on revenue target of 35%.
• Tax expense of approximately $1.0 million per quarter, of which $900,000 is expected to be non-cash.
• Approximately 16.4 million fully diluted weighted average shares outstanding.
• Capital spending of approximately $13.0 million to $14.0 million.

For earnings history and earnings-related data on Rentrak (RENT) click here.

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