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 0.25%.
inContact, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $-0.04 in the year-earlier quarter.
Revenue: Rose 23.05% to $31.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: inContact, Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.04. It beat the average revenue estimate of $31.52 million.
Quoting Management: “Q1 was the strongest bookings quarter in inContact’s history, fueled by the increasing momentum of cloud adoption and our growing win rate in larger enterprise deals. We closed a total of 57 contracts, 39 with new customers and 18 with existing customers,” said Paul Jarman, inContact CEO. “In addition, we continued to experience very positive momentum in our reseller channel during the quarter.”
Key Stats (on next page)…
Revenue increased 3.5% from $30.53 million in the previous quarter. EPS increased to $-0.02 in the quarter versus EPS of $-0.01 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 loss of $0.03 to a loss $0.04. For the current year, the average estimate has moved down from a loss of $0.1 to a loss of $0.14 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)