Medifast Inc. (NYSE:MED) 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 2.03%.
Medifast Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 48.28% to $0.43 in the quarter versus EPS of $0.29 in the year-earlier quarter.
Revenue: Rose 7.96% to $96 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Medifast Inc. reported adjusted EPS income of $0.43 per share. By that measure, the company beat the mean analyst estimate of $0.34. It beat the average revenue estimate of $93.77 million.
Quoting Management: “Our ongoing efforts to execute on our strategic goals enabled us to generate results ahead of our expectations with first quarter earnings per share 48% higher than the prior year period,” commented Michael C. MacDonald, Medifast’s Chairman and Chief Executive Officer. “For the remainder of 2013, we remain optimistic that our profitable growth will continue as we increase consumer reach and grow Medifast’s brand awareness. As the strength of our business continues, our team remains focused on realizing further operational efficiency improvements to maximize profitability throughout our Take Shape for Life, Medifast Direct, Medifast Weight Control Centers, and Wholesale Physicians sales channels.”
Key Stats (on next page)…
Revenue increased 15.33% from $83.24 million in the previous quarter. EPS increased 53.57% from $0.28 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 $0.51 to a profit $0.55. For the current year, the average estimate has moved up from a profit of $1.75 to a profit of $1.77 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)