EPIQ Systems, Inc. (NASDAQ:EPIQ) 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.
EPIQ Systems, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.24 in the quarter as EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 7.25% to $105 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EPIQ Systems, Inc. reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $92.48 million.
Quoting Management: Tom W. Olofson, chairman and CEO of Epiq Systems stated, “We are pleased that our eDiscovery business continues to strengthen its global leadership position. The company reported record operating revenues for the quarter, achieving a second consecutive quarter exceeding $100 million in total operating revenue. As the market leader in eDiscovery, we continue to expand our global presence. We opened an office/data center in Tokyo, complementing our existing international locations in London and Hong Kong, both of which have also been expanded in 2013 to support growth of the international eDiscovery business. We also announced a 9.0 cents per share cash dividend during the quarter, reflecting our continued commitment to providing long-term shareholder value.”
Key Stats (on next page)…
Revenue decreased 15.04% from $123.59 million in the previous quarter. EPS increased 4.35% from $0.23 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 $0.28 to a profit $0.27. For the current year, the average estimate has moved down from a profit of $1.05 to a profit of $1.04 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)