Mentor Graphics Earnings: Everything You Must Know Now

Mentor Graphics Corp. (NASDAQ:MENT) 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.

Mentor Graphics Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.81% to $0.26 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 5.15% to $253.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mentor Graphics Corp. reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $244.9 million.

Quoting Management: “Revenue, bookings and operating income were all-time records for a second quarter,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “New capabilities for 20, 14 and 10 nanometer technologies, and the performance enhancements these advanced nodes enable, were the principal forces driving strength in the Calibre products and Veloce emulation. Record first- half bookings, book to bill and backlog reinforce our confidence for fiscal 2014 and beyond.”

Key Stats (on next page)…

Revenue increased 11.78% from $226.52 million in the previous quarter. EPS increased 160% 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 $0.19 and has not changed. For the current year, the average estimate is a profit of $1.56, which is the same with that ninety days ago.

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