Lender Processing Services Earnings: Everything You Must Know Now

Lender Processing Services, Inc. (NYSE:LPS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Lender Processing Services, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 11.86% to $0.66 in the quarter versus EPS of $0.59 in the year-earlier quarter.

Revenue: Decreased 6.79% to $471.66 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lender Processing Services, Inc. reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.65. It missed the average revenue estimate of $479.92 million.

Quoting Management: “LPS’ strong first quarter results demonstrate the successful execution of our strategy to deliver technology-driven solutions that our clients need to address evolving mortgage industry requirements,” said Hugh Harris, president and chief executive officer of LPS.

Key Stats (on next page)…

Revenue increased 5.81% from $445.75 million in the previous quarter. EPS decreased 10.81% from $0.74 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 profit of $0.69 to a profit $0.65. For the current year, the average estimate has moved down from a profit of $2.66 to a profit of $2.61 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)