Harte-Hanks Inc. (NYSE:HHS) 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 3.97%.
Harte-Hanks Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.38% to $0.15 in the quarter versus EPS of $0.13 in the year-earlier quarter.
Revenue: Decreased 5.47% to $188.25 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Harte-Hanks Inc. reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $185.35 million.
Quoting Management: President and Chief Executive Officer Robert Philpott said, “We are encouraged by the overall improving marketing environment as evidenced by the growing confidence and optimism in the United States economy. The challenge remains in traditional marketing channels where industry forecasts are weak for the near future. Cost pressures and intense competition determine which marketer wins business. Omnichannel strategy is now common place amongst our clients, Harte-Hanks’ unique combination of skills in both digital and conventional marketing channels will serve us well.”
Key Stats (on next page)…
Revenue increased 5.56% from $178.33 million in the previous quarter. EPS increased 36.36% from $0.11 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 is a profit of $0.63, which is the same with that ninety days ago.
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)