For the fiscal third quarter Vistaprint reported earnings of 24 cents a share, missing the Capital IQ Consensus Estimate of 59 cents a share by 34 cents. Revenue fell -0.5% to $286.16 million, missing analysts' estimates of $310.71 million.
"This shift has been gaining momentum for more than two years and has created significant near-term revenue headwinds, but we persist in implementation because we believe in the long-term value of the strategy," president and CEO Robert Keane said in a press release. "The most impactful headwinds to date occurred in the past quarter. They were the result of changes to our pricing and marketing practices that we recently rolled out in our largest markets - the U.S., Germany and U.K."
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TheStreet Ratings team rates VISTAPRINT NV as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate VISTAPRINT NV (VPRT) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."