Ellie Mae Inc (NYSE:ELLI) delivered a profit and met 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 0.46%.
Ellie Mae Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.41% to $0.29 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Rose 45.52% to $34.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.29 per share. By that measure, the company missed the mean analyst estimate of $0.29. It beat the average revenue estimate of $34.01 million.
Quoting Management: “During the second quarter, we delivered strong top line growth driven by continued demand for our SaaS solutions,” said Sig Anderman, CEO of Ellie Mae. “Once again, we sold a record number of SaaS Encompass360 seats, with a particularly strong increase in new customers, while adding more users at current customers and upgrading existing licensed customers to our SaaS platform. We also experienced good momentum in increasing the number of new active SaaS users during the quarter, providing a solid foundation for future growth.”
Key Stats (on next page)…
Revenue increased 11.15% from $30.86 million in the previous quarter. EPS increased 7.41% from $0.27 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 $0.28 and has not changed. For the current year, the average estimate is a profit of $1.09, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)