MICROS Systems Earnings: Here’s Why Investors are Not Excited Now
MICROS Systems, Inc. (NASDAQ:MCRS) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.48%.
MICROS Systems, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.71% to $0.62 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Rose 13.33% to $315.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MICROS Systems, Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company met the mean analyst estimate of $0.62. It missed the average revenue estimate of $330.93 million.
Quoting Management: Peter A. Altabef, MICROS’s President and CEO, stated, “We continue to execute in a difficult environment and I am confident in our ability to meet not just the challenges but the opportunities which lie ahead.”
Key Stats (on next page)…
Revenue decreased 2.9% from $324.52 million in the previous quarter. EPS increased 6.9% from $0.58 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 $0.68 and has not changed. For the current year, the average estimate has moved down from a profit of $2.43 to a profit of $2.42 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)