Elan plc Earnings: Here’s Why Shares are Up Now

Elan Corp. plc (NYSE:ELN) 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 0.35%.

Elan Corp. plc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $4.28 in the quarter versus EPS of $-0.05 in the year-earlier quarter.

Revenue: Decreased 80.45% to $56.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Elan Corp. plc reported adjusted EPS income of $4.28 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $18.35 million.

Quoting Management: “We are focused squarely on the process of exploring a sale of the company as announced by our Board of Directors on June 14, 2013,” commented Mr. Kelly Martin, CEO, adding, “the Board of Directors and executive management are in complete alignment with regard to exploring all opportunities to maximize shareholder value.”

Key Stats (on next page)…

Revenue increased 28050% from $200,000 in the previous quarter. EPS increased 3790.91% from $0.11 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 $0 to a profit $0.02. For the current year, the average estimate has moved up from a profit of $0.04 to a profit of $0.14 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)