j2 Global Communications, Inc. (NASDAQ:JCOM) 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 3.10%.
j2 Global Communications, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.57% to $0.83 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Rose 58.04% to $141.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: j2 Global Communications, Inc. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.79. It beat the average revenue estimate of $131.37 million.
Quoting Management: “Our record-setting results were driven by record revenues within our cloud and digital media businesses and the largest quarterly contribution from our intellectual property program,” said Hemi Zucker, CEO of j2. “These results are the clearest indication to date that our significant investments to diversify our cloud business, build a media business and create an intellectual property program are bearing financial returns commensurate with those significant investments.”
Key Stats (on next page)…
Revenue increased 24.45% from $113.62 million in the previous quarter. EPS increased 43.1% from $0.58 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 $0.72 and has not changed. For the current year, the average estimate has moved up from a profit of $2.82 to a profit of $2.86 over the last ninety days.
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)