Novadaq Technologies Earnings: Here’s Why the Stock is Falling Now
Novadaq Technologies Inc (NASDAQ:NVDQ) 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. Shares are down 0.73%.
Novadaq Technologies Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.05 in the quarter versus EPS of $-0.04 in the year-earlier quarter.
Revenue: Rose 50.28% to $8.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.05 per share. By that measure, the company missed the mean analyst estimate of $-0.02. It beat the average revenue estimate of $7.89 million.
Quoting Management: “Our performance during the first half of the year has been consistent with our expectations,” commented Dr. Arun Menawat, Novadaq’s President and CEO. “We also continue to receive positive physician feedback during the early stages of introducing PINPOINT and LUNA to the market, and we continue to believe these products will become material drivers of our growth over the longer term.”
Key Stats (on next page)…
Revenue increased 11.26% from $7.28 million in the previous quarter. EPS decreased to $-0.05 in the quarter versus EPS of $-0.07 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 loss of $0.02 and has not changed. For the current year, the average estimate has moved up from a loss of $0.06 to a loss of $0.04 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)