Natus Medical Inc. (NASDAQ:BABY) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Natus Medical Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.85 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Rose 353.76% to $270.03 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Natus Medical Inc. reported adjusted EPS loss of $0.85 per share. By that measure, the company missed the mean analyst estimate of $0.11. It beat the average revenue estimate of $84.47 million.
Quoting Management: “I am very pleased with our first quarter results which were driven by record revenues, margins and improved operating efficiencies,” said Jim Hawkins, Chief Executive Officer of the Company. “Both our Neurology and Newborn Care businesses performed well in the first quarter. While Europe continues to be soft, our domestic business was strong in both Neurology and Newborn Care. Notably, our newborn care hearing supplies business saw growth during the quarter, which we believe is attributable to rising birth rates in the United States, continuing a trend that we have seen over the last three quarters. Rising birth rates are certainly a positive for our business.”
Key Stats (on next page)…
Revenue increased 196.64% from $91.03 million in the previous quarter. EPS decreased to $-0.85 in the quarter versus EPS of $0.29 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 $0.18 to a profit $0.19. For the current year, the average estimate has moved up from a profit of $0.82 to a profit of $0.84 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)