ExamWorks Group, Inc. (NYSE:EXAM) 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. Shares are up 0.23%.
ExamWorks Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.08 in the quarter versus EPS of $-0.10 in the year-earlier quarter.
Revenue: Rose 22.16% to $156.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ExamWorks Group, Inc. reported adjusted EPS loss of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.10. It beat the average revenue estimate of $151.6 million.
Quoting Management: James K. Price, Chief Executive Officer of ExamWorks, said: “Our latest national account win once again demonstrates that the industry has embraced our model and the value we deliver to our customers. We continue to work hard to meet and redefine customer expectations, made possible by our dedicated employees worldwide. We are excited about our momentum and look forward to the remainder of 2013.”
Key Stats (on next page)…
Revenue increased 4.98% from $148.7 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 neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.07 and has not changed. For the current year, the average estimate is a loss of $0.32, 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)