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4-Traders Homepage  >  Equities  >  Nasdaq  >  Web.com Group Inc    WEB

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Correction: Earns-Web.com Group story

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02/10/2017 | 10:02pm CET

JACKSONVILLE, Fla. (AP) — In a story Feb. 9 about Web.com Group's fourth-quarter earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that the company's adjusted earnings were 42 cents a share and missed Wall Street expectations. The company's adjusted earnings were 73 cents a share and beat expectations.

A corrected version of the story is below:

Web.com tops 4Q profit forecasts

Web.com Group tops 4Q earnings, revenue forecasts

JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Web.com Group Inc. (WEB) on Thursday reported fourth-quarter net income of $1.9 million.

The Jacksonville, Florida-based company said it had net income of 4 cents per share. Earnings, adjusted for amortization costs and asset impairment costs, were 72 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The online marketing services provider posted revenue of $187.2 million in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $187 million.

For the year, the company reported profit of $4 million, or 8 cents per share. Revenue was reported as $710.5 million.

Web.com shares have decreased nearly 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.75, an increase of 22 percent in the last 12 months.

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEB at https://www.zacks.com/ap/WEB

Keywords: Web.com Group, Earnings Report

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Financials ($)
Sales 2017 754 M
EBIT 2017 166 M
Net income 2017 43,6 M
Debt 2017 509 M
Yield 2017 -
P/E ratio 2017 22,16
P/E ratio 2018 17,30
EV / Sales 2017 1,95x
EV / Sales 2018 1,66x
Capitalization 964 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 23,5 $
Spread / Average Target 22%
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NameTitle
David L. Brown Chairman, President & Chief Executive Officer
Kevin M. Carney Chief Financial Officer & Executive Vice President
Jane L. Landon Chief Technology Officer
Timothy I. Maudlin Lead Independent Non-Executive Director
Hugh M. Durden Independent Non-Executive Director
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