Monolithic Power Systems Inc. (NASDAQ:MPWR) 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.
Monolithic Power Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.17 in the quarter as EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 2.02% to $51.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Monolithic Power Systems Inc. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $51.03 million.
Quoting Management: “MPS had an outstanding first quarter of the year, hitting record revenue while continuing to deliver solutions that meet or exceed industry standards,” said Michael Hsing, CEO and founder of MPS. “We are delivering on our promise to broaden our product portfolio and grow revenue above the industry average.”
Key Stats (on next page)…
Revenue increased 6.82% from $48.21 million in the previous quarter. EPS decreased 19.05% from $0.21 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 $0.23 and has not changed. For the current year, the average estimate has moved up from a profit of $0.98 to a profit of $1.00 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)