Envestnet Earnings: Everything You Must Know Now

Envestnet, Inc (NYSE:ENV) 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!

Envestnet, Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 71.43% to $0.12 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Rose 43.38% to $46.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Envestnet, Inc reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $46.1 million.

Quoting Management: “Envestnet had a solid quarter as we continued to build our business, adding advisors, accounts and assets across our channels and product offerings,” said Jud Bergman, Chairman and CEO of Envestnet. “We remain on track to deliver strong year-over-year revenue growth and robust growth in adjusted EBITDA compared to last year.”

Key Stats (on next page)…

Revenue increased 5.45% from $44.38 million in the previous quarter. EPS increased 20% from $0.10 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 $0.13 and has not changed. For the current year, the average estimate has moved up from a profit of $0.56 to a profit of $0.57 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)

More Articles About:   , ,  

More from The Cheat Sheet