Bottomline Technologies Earnings: Here’s Why the Stock is Up Now

Bottomline Technologies Inc. (NASDAQ:EPAY) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.54%.

Bottomline Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.08% to $0.32 in the quarter versus EPS of $0.26 in the year-earlier quarter.

Revenue: Rose 5.86% to $65 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bottomline Technologies Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.29. It missed the average revenue estimate of $65.04 million.

Quoting Management: “We are pleased to report a strong fourth quarter with record revenues and solid financial performance across the board, concluding an outstanding fiscal year,” said Rob Eberle, President and CEO of Bottomline Technologies. “Our business is executing on all fronts. The investments we have made in our key product sets have been well received and extended our competitive advantage in our targeted growth markets. Looking ahead to next fiscal year, we are confident in our ability to execute on our growth plans.”

Key Stats (on next page)…

Revenue increased 0.87% from $64.44 million in the previous quarter. EPS were the same at $0.32 as 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 $0.29 to a profit $0.30. For the current year, the average estimate is a profit of $1.24, 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)

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