ExactTarget Earnings: Everything You Must Know Now

ExactTarget (NYSE:ET) had a loss 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.

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ExactTarget Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.08 in the quarter versus EPS of $-0.15 in the year-earlier quarter.

Revenue: Rose 39.56% to $89.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ExactTarget reported adjusted EPS loss of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.09. It beat the average revenue estimate of $87.88 million.

Quoting Management: “Our first quarter revenue growth was outstanding at 39 percent on a GAAP basis and 40 percent on an adjusted basis, making us one of the fastest growing software-as-a-service companies in the world,” said Scott Dorsey, ExactTarget chairman, chief executive officer and co-founder. “ExactTarget has emerged as the digital marketing platform of choice for many of the world’s most innovative B2C and B2B brands.”

Key Stats (on next page)…

Revenue increased 6.13% from $84.24 million in the previous quarter. EPS increased to $-0.08 in the quarter versus EPS of $-0.10 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.09 to a loss $0.08. For the current year, the average estimate is a loss of $0.30, 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)