Cornerstone OnDemand Earnings: Here’s Why Investors are Not Excited Now

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) had a loss and missed 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 down 3.37%.

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Cornerstone OnDemand, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.1 in the quarter versus EPS of $-0.10 in the year-earlier quarter.

Revenue: Rose 57.08% to $37.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cornerstone OnDemand, Inc. reported adjusted EPS loss of $0.1 per share. By that measure, the company missed the mean analyst estimate of $-0.08. It missed the average revenue estimate of $37.8 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 3.49% from $36.43 million in the previous quarter. EPS decreased to $-0.1 in the quarter versus EPS of $-0.06 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.05 to a loss $0.06. For the current year, the average estimate has moved down from a loss of $0.15 to a loss of $0.17 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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