EZchip Semiconductor Ltd. (NASDAQ:EZCH) delivered a profit and met 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.
EZchip Semiconductor Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 14.81% to $0.23 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Rose 6.1% to $15.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EZchip Semiconductor Ltd. reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.23. It beat the average revenue estimate of $15.12 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 0.59% from $15.21 million in the previous quarter. EPS decreased 11.54% from $0.26 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 $1.24 to a profit of $1.14 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)