National Semiconductor Corporation (NYSE:NSM) 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 6.65%.
National Semiconductor Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 136.11% to $0.85 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 146.5% to $431.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: National Semiconductor Corporation reported adjusted EPS income of $0.85 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $369.92 million.
Quoting Management: “We generated strong momentum across our mortgage services platform in Q1,” said Jay Bray, Chief Executive Officer of Nationstar. “In servicing we grew our portfolio organically and through high-return acquisitions. In originations our quarterly activity increased across the board, and we see increased HARP potential. Solutionstar is making solid progress on its initiatives as it builds its high-margin, fee-based business.”
Key Stats (on next page)…
Revenue increased 17.76% from $366.08 million in the previous quarter. EPS increased 174.19% from $0.31 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.29 to $0. For the current year, the average estimate has moved down from a profit of $1.13 to $0 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)