CIBER Earnings: Here’s Why Shares are Up Now

CIBER, Inc. (NYSE:CBR) delivered a profit and met 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. Shares are up 0.35%.

CIBER, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $0.00 in the year-earlier quarter.

Revenue: Decreased 7% to $220.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CIBER, Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.04. It missed the average revenue estimate of $227 million.

Quoting Management: Claude Pumilia, Chief Financial Officer, commented, “Because of the efficiencies we are realizing from our restructuring, including the program we announced today, and improvements we continue to make in our delivery capability, we are positioned for further margin improvement in 2013 and beyond. We have significantly improved our conversion of operating income to earnings. We have enhanced our financial flexibility, reducing our long-term debt and corresponding interest expense, which has benefited our cash flow.”

Key Stats (on next page)…

Revenue decreased 2.03% from $224.97 million in the previous quarter. EPS increased 33.33% from $0.03 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 $0.04 to a profit $0.05. For the current year, the average estimate has moved up from a profit of $0.16 to a profit of $0.18 over the last ninety days.

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