Corporate Executive Board Co. (NYSE:CEB) 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.
Corporate Executive Board Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 35.19% to $0.73 in the quarter versus EPS of $0.54 in the year-earlier quarter.
Revenue: Rose 50.75% to $204.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Corporate Executive Board Co. reported adjusted EPS income of $0.73 per share. By that measure, the company beat the mean analyst estimate of $0.70. It beat the average revenue estimate of $201.91 million.
Quoting Management: “Our financial returns continue to validate our strategy of tying uniquely valuable insights and data to the big dollar decisions made by key corporate and functional leaders,” said Tom Monahan, Chairman and CEO. “We are sustaining momentum in our CEB segment, especially in North America despite headwinds in our government business. We are also pleased to see initial positive returns on the tactical investments we’ve made in the SHL segment. These outcomes are the direct result of the high value content, enabling technology, and exceptionally talented employees we bring to our sizeable market opportunity every day.”
Key Stats (on next page)…
Revenue increased 7.53% from $190.27 million in the previous quarter. EPS increased 8.96% 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 $0.77 to a profit $0.78. For the current year, the average estimate has moved up from a profit of $3.01 to a profit of $3.04 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)