LogMeIn Earnings: Here’s Why Investors Like These Results

LogMeIn, Inc. (NASDAQ:LOGM) 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 down 0%.

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LogMeIn, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 14.29% to $0.12 in the quarter versus EPS of $0.14 in the year-earlier quarter.

Revenue: Rose 14.41% to $37.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: LogMeIn, Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.1. It beat the average revenue estimate of $36.31 million.

Quoting Management: “We had a strong first quarter with new sales and renewals that allowed us to deliver results that exceeded the high-end of our guidance,” said Michael Simon, CEO of LogMeIn. “In addition, we successfully attracted 2.7 million first time users and 37,000 new premium subscribers — both record highs.”

Key Stats (on next page)…

Revenue increased 1.14% from $36.98 million in the previous quarter. EPS decreased 50% from $0.24 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 $0.19 to a profit $0.11. For the current year, the average estimate has moved down from a profit of $0.81 to a profit of $0.46 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)