DIRECTV Earnings: Here’s Why Investors Like These Results
DIRECTV (NASDAQ:DTV) 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 4.37%.
DIRECTV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 33.64% to $1.43 in the quarter versus EPS of $1.07 in the year-earlier quarter.
Revenue: Rose 7.58% to $7.58 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: DIRECTV reported adjusted EPS income of $1.43 per share. By that measure, the company beat the mean analyst estimate of $1.08. It beat the average revenue estimate of $7.53 billion.
Quoting Management: “Building on the momentum of one of the largest transitional years in our history, DIRECTV delivered another strong quarter of operating and financial results,” said Mike White, president and CEO of DIRECTV. “Our industry leading revenue growth of 8% continues to be driven by the strength of our premier brands and popularity of our differentiated product and service offerings across the Americas, as well as our ability to profitably grow ARPU in a challenging U.S. operating environment.” White added, “At the same time, our adjusted OPBDA margin grew as we remain focused on achieving operational excellence through disciplined expense management and productivity initiatives, while we continue to return cash to shareholders through stock repurchases at an industry leading clip.”
Key Stats (on next page)…
Revenue decreased 5.89% from $8.05 billion in the previous quarter. EPS increased 1.42% from $1.41 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 $1.46 to a profit $1.37. For the current year, the average estimate has moved down from a profit of $5.13 to a profit of $4.81 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)