Luminex Earnings: Everything You Must Know Now

Luminex Corporation (NASDAQ:LMNX) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Luminex Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 28.57% to $0.09 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Rose 12.47% to $54.29 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Luminex Corporation reported adjusted EPS income of $0.09 per share. By that measure, the company missed the mean analyst estimate of $0.10. It beat the average revenue estimate of $54.16 million.

Quoting Management: “We generated another quarter of strong financial performance, driven by continued execution in our assay segment. Growth in assay revenue was well balanced across our genetic and infectious disease franchises and included a notable contribution from our recent US IVD cleared xTAG® gastrointestinal pathogen panel. This performance also reflects a positive impact from the Company’s transition to a direct molecular diagnostic sales force which began in early 2013,” said Patrick J. Balthrop, president and chief executive officer of Luminex. “In addition, we surpassed a major milestone for the Company in the second quarter, delivering our 10,000th multiplexing analyzer to date. The entire company is proud of this achievement,” added Balthrop.

Key Stats (on next page)…

Revenue increased 2.05% from $53.2 million in the previous quarter. EPS increased to $0.09 in the quarter versus EPS of $-0.06 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 $0.11 and has not changed. For the current year, the average estimate has moved down from a profit of $0.43 to a profit of $0.31 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)

More Articles About:   , , ,  

More from The Cheat Sheet