Express Scripts Inc. (NASDAQ:ESRX) 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 1.85%.
Express Scripts Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 35.62% to $0.99 in the quarter versus EPS of $0.73 in the year-earlier quarter.
Revenue: Rose 114.82% to $26.06 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Express Scripts Inc. reported adjusted EPS income of $0.99 per share. By that measure, the company beat the mean analyst estimate of $0.97. It beat the average revenue estimate of $25.55 billion.
Quoting Management: “Our strong financial performance in the first quarter represents the work we do every day to make the use of prescription drugs safer and more affordable,” stated George Paz, chairman and chief executive officer. “As we mark the one-year anniversary of the Medco transaction, our Company today is better than the sum of its parts. We are well-positioned with an unmatched breadth and depth of product offerings, excellent customer service and innovative tools and solutions to manage the complex future of healthcare. Our primary focus continues to be improving health outcomes and lowering healthcare costs, which drives increased shareholder value.”
Key Stats (on next page)…
Revenue decreased 3.59% from $27.03 billion in the previous quarter. EPS decreased 5.71% from $1.05 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 profit of $1.03 to a profit $1.05. For the current year, the average estimate has moved up from a profit of $4.20 to a profit of $4.26 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)