Luminex Earnings: Here’s Why Investors Like These Results
Luminex Corporation (NASDAQ:LMNX) 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 0.43%.
Luminex Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 137.5% to $0.19 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 9.17% to $53.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Luminex Corporation reported adjusted EPS income of $0.19 per share. By that measure, the company beat the mean analyst estimate of $0.08. It beat the average revenue estimate of $51.96 million.
Quoting Management: “Our royalty revenue grew 23% while our total cumulative shipments of multiplexing analyzers expanded to almost 10,000 units, or 11% over the year ago period, both of which indicate the strong ongoing demand for our proprietary technology,” said Patrick J. Balthrop, president and chief executive officer of Luminex.
Key Stats (on next page)…
Revenue decreased 4.21% from $55.54 million in the previous quarter. EPS increased 90% from $0.10 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 $0.1 and has not changed. For the current year, the average estimate has moved down from a profit of $0.44 to a profit of $0.43 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)