Conceptus Earnings: Here’s Why the Stock is Rising Now

Conceptus, Inc. (NASDAQ:CPTS) 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 19.61%.

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Conceptus, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.05 in the quarter versus EPS of $-0.09 in the year-earlier quarter.

Revenue: Rose 17.46% to $34.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Conceptus, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.01. It beat the average revenue estimate of $32.04 million.

Quoting Management: “We are very pleased by our domestic and international financial performance in the first quarter. Domestic Essure sales growth continued to improve with 22.2% growth, of which organic growth was 17.6%, and growth attributable to sales in our former competitor’s accounts was 4.6%,” said D. Keith Grossman, President and Chief Executive Officer of Conceptus. “We continue to be encouraged by the ongoing progress we are making in commercial execution and toward improving the profitability of the company.”

Key Stats (on next page)…

Revenue decreased 16.28% from $40.73 million in the previous quarter. EPS decreased 70.59% from $0.17 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 $0.05 to a profit $0.06. For the current year, the average estimate has moved up from a profit of $0.18 to a profit of $0.23 over the last ninety days.

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

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