Corporate Executive Board Co. (NYSE:CEB) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Corporate Executive Board Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.42% to $0.67 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 48.13% to $190.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Corporate Executive Board Co. reported adjusted EPS income of $0.67 per share. By that measure, the company beat the mean analyst estimate of $0.64. It missed the average revenue estimate of $192.2 million.
Quoting Management: “Our first quarter results reflect a very solid start to the year,” said Tom Monahan, Chairman and CEO. “We saw continued growth in both of our operating segments and took important steps forward on our 2013 investment plan. Even though the operating environment still contains pockets of volatility, our teams continue to benefit from delivering valuable content, services, and solutions that unlock the potential of our member organizations.”
Key Stats (on next page)…
Revenue decreased 1.77% from $193.72 million in the previous quarter. EPS decreased 2.9% from $0.69 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 profit of $0.74 to a profit $0.72. For the current year, the average estimate has moved up from a profit of $2.99 to a profit of $3.01 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)