ArthroCare Earnings: Everything You Must Know Now
ArthroCare Corporation (NASDAQ:ARTC) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
ArthroCare Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.27 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 0.43% to $92.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ArthroCare Corporation reported adjusted EPS loss of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.34. It missed the average revenue estimate of $93.67 million.
Key Stats (on next page)…
Revenue decreased 0.27% from $92.35 million in the previous quarter. EPS decreased to $-0.27 in the quarter versus EPS of $0.38 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.31 and has not changed. For the current year, the average estimate has moved up from a profit of $1.43 to a profit of $1.44 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)