Care.com, Inc. (CRCM) Releases Q3 Earnings Guidance

Care.com, Inc. (NYSE:CRCM) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.07-0.08 for the period, compared to the Thomson Reuters consensus estimate of $0.07. The company issued revenue guidance of $43.9-44.4 million, compared to the consensus revenue estimate of $43.04 million.Care.com also updated its FY17 guidance to $0.37-0.40 EPS.

Care.com, Inc. (CRCM) opened at 13.89 on Friday. Care.com, Inc. has a 1-year low of $7.51 and a 1-year high of $16.07. The firm’s 50-day moving average is $14.87 and its 200-day moving average is $12.85. The firm’s market capitalization is $408.42 million.

Care.com (NYSE:CRCM) last announced its earnings results on Thursday, August 10th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. The business had revenue of $42 million during the quarter, compared to analysts’ expectations of $41.34 million. Care.com had a net margin of 0.67% and a return on equity of 3.79%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS. On average, equities analysts anticipate that Care.com, Inc. will post $0.39 EPS for the current year.

CRCM has been the subject of a number of recent analyst reports. BidaskClub cut shares of Care.com from a hold rating to a sell rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Care.com from a hold rating to a buy rating and set a $17.00 target price for the company in a research report on Wednesday, July 19th. Roth Capital set a $14.00 target price on shares of Care.com and gave the stock a hold rating in a research report on Monday, June 12th. Finally, Stifel Nicolaus increased their target price on shares of Care.com from $12.00 to $14.00 and gave the stock a buy rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Care.com presently has an average rating of Hold and an average target price of $15.00.

In other Care.com news, General Counsel Diane Musi sold 2,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $14.70, for a total transaction of $29,400.00. Following the sale, the general counsel now owns 32,593 shares of the company’s stock, valued at approximately $479,117.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David Krupinski sold 4,175 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $14.71, for a total transaction of $61,414.25. Following the sale, the insider now directly owns 176,284 shares in the company, valued at approximately $2,593,137.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,095 shares of company stock worth $651,424. Insiders own 24.70% of the company’s stock.

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About Care.com

Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.

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