Lifelock Inc (NYSE:LOCK) 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 5.10%.
Lifelock Inc Earnings Cheat Sheet
Revenue: Rose 31.85% to $89.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $0.01. It beat the average revenue estimate of $85.32 million.
Quoting Management: “The combination of our market leading brand and superior service offering drove our results once again this quarter,” said Todd Davis, LifeLock’s Chairman and CEO. “Our LifeLock Ultimate service led the way, with a record number and percentage of new customers adopting our premium offering. The unique and proprietary nature of our technology continues to stand out against our more traditional competitors and our targeted marketing investments are paying off. We were very pleased to have both exceeded our prior guidance and increased our 2013 outlook.”
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased 200% from $0.01 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.11 to a profit $0.13. For the current year, the average estimate is a profit of $0.34, which is the same with that ninety days ago.
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)