Omeros Corporation (NASDAQ:OMER) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Omeros Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $-0.40 in the quarter as EPS of $-0.40 in the year-earlier quarter.
Revenue: Decreased 26.67% to $1.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Omeros Corporation reported adjusted EPS loss of $0.40 per share. By that measure, the company met the mean analyst estimate of $-0.40. It missed the average revenue estimate of $1.39 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 30.38% from $1.58 million in the previous quarter. EPS increased to $-0.40 in the quarter versus EPS of $-0.45 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 loss of $0.31 to a loss $0.39. For the current year, the average estimate has moved down from a loss of $1.23 to a loss of $1.42 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)