Imperva Earnings: Here’s Why Investors are Not Happy Now

Imperva Inc (NYSE:IMPV) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 9.29%.

Imperva Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.1 in the quarter versus EPS of $-0.02 in the year-earlier quarter.

Revenue: Rose 27.49% to $31.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Imperva Inc reported adjusted EPS loss of $0.1 per share. By that measure, the company missed the mean analyst estimate of $-0.05. It missed the average revenue estimate of $31.38 million.

Quoting Management: “The second quarter was highlighted by the 46% year-over-year growth in new customers and 36% increase in deals valued over $100,000,” stated Shlomo Kramer, President and Chief Executive Officer of Imperva. “While we continued to see strong demand for our fully integrated solution, performance in Europe and South America was impacted by sales execution challenges in these regions. Looking forward, we have already taken steps to reaccelerate growth and remain confident in our ability to grow global market share due to the continued strong pipeline of opportunities worldwide.”

Key Stats (on next page)…

Revenue increased 9.48% from $28.59 million in the previous quarter. EPS decreased to $-0.1 in the quarter versus EPS of $-0.13 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 profit of $0.04 and has not changed. For the current year, the average estimate has moved down from a profit of $0.06 to a profit of $0.05 over the last ninety days.

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