Electronics for Imaging, Inc. (NASDAQ:EFII) 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.
Electronics for Imaging, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10% to $0.33 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 7.06% to $171.36 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Electronics for Imaging, Inc. reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.32. It beat the average revenue estimate of $165.4 million.
Quoting Management: “The EFI team delivered a great first quarter with revenue growth above our expectations, a solid increase in profitability, and very strong cash generation,” said Guy Gecht, CEO of EFI. “With new breakthrough products across our portfolio and sales opportunities at trade shows around the globe, we look for this robust demand to continue into the current quarter as EFI’s innovation continues to help customers drive growth and productivity in their businesses.”
Key Stats (on next page)…
Revenue decreased 1.58% from $174.11 million in the previous quarter. EPS decreased 21.43% from $0.42 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.34 and has not changed. For the current year, the average estimate has moved up from a profit of $1.42 to a profit of $1.44 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)