Endo Health Solutions (NASDAQ:ENDP) 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 4.62%.
Endo Health Solutions Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.81% to $1.42 in the quarter versus EPS of $1.27 in the year-earlier quarter.
Revenue: Decreased 2.37% to $766.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Endo Health Solutions reported adjusted EPS income of $1.42 per share. By that measure, the company beat the mean analyst estimate of $1.15. It beat the average revenue estimate of $721.01 million.
Quoting Management: “I’m pleased with the progress that the company has made in implementing our new strategic vision,” said Rajiv De Silva, president and CEO of Endo. “We’re making good progress on all of the actions we announced on June 5. Our expense reduction efforts are on track to meet our objectives, we have made progress in the exploration of strategic alternatives for HealthTronics and our branded pharmaceutical discovery platform, and we have positive organic growth momentum within each of our core businesses. I believe that with a continued sharp focus on our strategic priorities, the right cost structure and disciplined execution, Endo will meet and strive to exceed the expectations of our customers, employees, shareholders and patients.”
Key Stats (on next page)…
Revenue increased 8.2% from $708.52 million in the previous quarter. EPS increased 30.28% from $1.09 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 $1.15 to a profit $1.08. For the current year, the average estimate has moved down from a profit of $4.49 to a profit of $4.32 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)