Net 1 Ueps Technologies Earnings: Here’s Why Investors are Happy Now
Net 1 Ueps Technologies Inc. (NASDAQ:UEPS) 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 10.43%.
Net 1 Ueps Technologies Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.7% to $0.28 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Rose 9.55% to $117.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Net 1 Ueps Technologies Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $114.36 million.
Key Stats (on next page)…
Revenue increased 6.08% from $111.14 million in the previous quarter. EPS increased 460% from $0.05 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 $0.25 and has not changed. For the current year, the average estimate is a profit of $0.76, 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)