DTS Earnings: Everything You Must Know Now

DTS Inc. (NASDAQ:DTSI) 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.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

DTS Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 40.54% to $0.22 in the quarter versus EPS of $0.37 in the year-earlier quarter.

Revenue: Rose 21.61% to $32.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: DTS Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $29.86 million.

Quoting Management: “DTS delivered strong revenue growth in the first quarter, consistent with our expectations, driven again by accelerating momentum in the network-connected markets,” said Jon Kirchner, chairman and CEO of DTS, Inc. “The strategic investments we have made in technology, products and content partnerships to expand our network-connected footprint are continuing to translate into meaningful design wins and customer momentum, particularly in mobile. The recent launches of our Headphone:X and DTS Layered Audio technologies continue to generate significant industry excitement. These launches, combined with new product and customer announcements during the quarter from a number of manufacturers, including Toshiba, Asustek, Samsung and Yulong, position us well to continue to drive our network-connected business in 2013 and beyond.”

Key Stats (on next page)…

Revenue increased 9.81% from $29.78 million in the previous quarter. EPS decreased 33.33% from $0.33 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 $0.18 to a profit $0.13. For the current year, the average estimate has moved down from a profit of $1.11 to a profit of $1.03 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)