inContact Earnings: Here’s Why Investors are Excited Now
inContact, Inc. (NASDAQ:SAAS) had a loss 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 3.16%.
inContact, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.01 in the quarter versus EPS of $-0.07 in the year-earlier quarter.
Revenue: Rose 29.21% to $30.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: inContact, Inc. reported adjusted EPS loss of $-0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $29.28 million.
Quoting Management: Said Paul Jarman, inContact CEO, “It was another record quarter for inContact and we closed 51 new customers and 11 expansions for a total of 62 contracts. In addition, during the quarter, we added 2 new Fortune 500 customers and booked the largest deal in the company’s history.”
Continued Jarman, “2012 was a great year for inContact driven by growth in the following key areas: new bookings, as we continue our focus on sales and marketing, revenue from existing accounts, as our “land and expand strategy” delivered strong results, and customer retention, as the recurring revenue model continues to demonstrate its true power. These three growth pillars combined to create a powerful result in 2012, giving us a software growth rate for the full year 2012 of 37%.”
Key Stats (on next page)…
Revenue increased 10.19% from $27.86 million in the previous quarter. EPS increased to $-0.01 in the quarter versus EPS of $-0.02 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 loss of $0.03 and has not changed. For the current year, the average estimate is a loss of $0.13, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)