CenturyLink, Inc. (NYSE:CTL) 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 0.91%.
CenturyLink, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.76% to $0.76 in the quarter versus EPS of $0.68 in the year-earlier quarter.
Revenue: Decreased 2.1% to $4.51 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CenturyLink, Inc. reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.69. It beat the average revenue estimate of $4.51 billion.
Quoting Management: “CenturyLink reported strong financial results and achieved solid broadband and PrismTM TV customer growth in the first quarter, while continuing to see good demand from businesses for high-bandwidth network and data hosting services. Through the ongoing investment in our key strategic initiatives, we are creating and capitalizing on organic growth opportunities across each of our business segments. Our solid sales momentum over the past several quarters continues to contribute toward our goal of top-line revenue stabilization in 2014,” said Glen F. Post III, chief executive officer and president.
Key Stats (on next page)…
Revenue decreased 1.53% from $4.58 billion in the previous quarter. EPS increased 13.43% from $0.67 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 $0.65 to a profit $0.66. For the current year, the average estimate has moved up from a profit of $2.64 to a profit of $2.66 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)