Should you explore IDT Corporation (IDT) stock after its earnings?

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 Should you explore IDT Corporation (IDT) stock after its earnings?
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  • The IDT stock jumped over eight per cent in the morning trading on Friday.
  • IDT Corporation reported its Q4 2022 earnings results on October 6.
  • The company registered its highest quarterly as well as annual income from operations since 2015.

The shares of IDT Corporation (NYSE: IDT) seem to be gaining attention from market participants on Friday, October 7, a day after the company announced its latest quarterly earnings results. The price of the IDT stock jumped over eight per cent in the morning trading hours on October 7.

Given the recent rally of the IDT stock, post the company's announcement of its quarterly financial results on October 6, after the market close, investors might be curious about details from their earnings. 

Let's take a closer look with Kalkine Media® into the highlights of IDT Corporation's latest quarter results:

Inside IDT Corporation's Q4 earnings 

IDT Corporation is a telecommunication company based out of Newark, New Jersey. The company provides cloud communications, financial services for corporations as well as consumers, point of sale systems (POS), etc.

The telecommunications firm reported its fourth quarter and annual results for fiscal 2022 on October 6 and was said to have generated the highest quarterly earnings as well as annual income from operations after 2015, and the highest level of quarterly and annual adjusted EBITDA in the company's history.

Its recurring revenue from National Retail Solutions (NRS) jumped 157 per cent YoY to US$ 17.7 million in Q4 FY22, while it's fiscal 2022 recurring revenue rose 129 per cent YoY to US$ 45.3 million. 

In Q4 FY22, IDT Corporation's consolidated revenue declined 16 per cent YoY to US$ 329 million, while its annual revenue fell six per cent to US$ 1.36 billion on a yearly basis.

Its income from operations rose 13 per cent YoY to US$ 19.2 million in Q4 FY22, while its annual revenue jumped six per cent YoY to US$ 60.1 million.

The New Jersey-based company's adjusted EBITDA in Q4 FY22 rose nine per cent YoY to US$ 24.1 million, and its annual adjusted EBITDA shot up six per cent YoY to US$ 79.1 million.

IDT Corporation (IDT) Q4 FY22 earnings highlightsSource: ©Kalkine Media®; © Canva via

Bottom line:

The price of the IDT stock ticked up 8.82 per cent at 9:43 am ET on Friday, October 7, to trade at US$ 30.36, while its trading volume was about 42,691. The stock of the company closed at US$ 27.9 in the prior session.

The US$ 787.49 million market cap company's P/E ratio, which measures the current price of the asset divided by its EPS, was 27.35.


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