Boulder Brands Earnings: Here’s Why Investors are Buying Shares Now

Boulder Brands Inc (NASDAQ:BDBD) 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. Shares are up 11.15%.

Boulder Brands Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 20% to $0.06 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Rose 45.68% to $110.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Boulder Brands Inc reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $106.63 million.

Quoting Management: Commenting on the results, Chairman and Chief Executive Officer Stephen Hughes stated, “We reported another terrific quarter, as we continue to see strong sales momentum in our Natural segment and improved profitability in our Smart Balance segment. Our Natural segment, which includes the Udi`s, Glutino, and Earth Balance brands, represented 59.0% of our total net sales and reported a strong organic net sales increase of 38.6% and organic brand profit growth of 37.5%, in each case compared to the second quarter of 2012. The Natural segment continued to benefit from distribution gains with our gluten-free brands and Earth Balance snacks, and strong consumer engagement across all channels as the gluten-free category is witnessing strong growth, resulting in 41.1% organic net sales growth for our gluten free brands in the second quarter.”

Key Stats (on next page)…

Revenue increased 3.8% from $106.65 million in the previous quarter. EPS decreased 14.29% from $0.07 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 $0.07 and has not changed. For the current year, the average estimate has moved up from a profit of $0.28 to a profit of $0.29 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)