Acxiom Earnings: Everything You Must Know Now
Acxiom Corporation (NASDAQ:ACXM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Acxiom Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 4.55% to $0.21 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Rose 57.21% to $451.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Acxiom Corporation reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $279.95 million.
Quoting Management: “Fiscal 2013 was a year of transition for the company”, said Acxiom CEO Scott Howe. “This past year we re-ignited product innovation, invested in our clients and our associates and continued to support our shareholders through our stock repurchase program. Looking ahead to 2014 we expect to continue to invest in our new product suite, add new customers and anticipate product launches in the later part of the fiscal year.”
Key Stats (on next page)…
Revenue increased 65.36% from $273.1 million in the previous quarter. EPS increased 10.53% from $0.19 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.16 to a profit $0.17. For the current year, the average estimate is a profit of $0.74, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)