Financial Engines Earnings: Here’s Why the Stock is Rising Now

Financial Engines, Inc. (NASDAQ:FNGN) 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. Shares are up 0.02%.

Financial Engines, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 45.45% to $0.16 in the quarter versus EPS of $0.11 in the year-earlier quarter.

Revenue: Rose 30.5% to $57.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Financial Engines, Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.16. It beat the average revenue estimate of $56.83 million.

Quoting Management: “Baby boomers are entering one of the most complex and uncertain retirements in history,” said Jeff Maggioncalda, chief executive officer of Financial Engines. “When we started Financial Engines 17 years ago, we recognized the long-term trends of demographics and the growing reliance on the 401(NYSE:K), and these trends continue to drive the growth of our business.”

Key Stats (on next page)…

Revenue increased 7.3% from $53.87 million in the previous quarter. EPS increased 6.67% from $0.15 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 $0.17 to a profit $0.18. For the current year, the average estimate has moved up from a profit of $0.64 to a profit of $0.69 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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