OraSure Technologies Earnings: Here’s Why the Stock is Rising Now

OraSure Technologies Inc. (NASDAQ:OSUR) had a loss 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 6.12%.

OraSure Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.10 in the quarter versus EPS of $-0.07 in the year-earlier quarter.

Revenue: Rose 7.43% to $24.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: OraSure Technologies Inc. reported adjusted EPS loss of $0.10 per share. By that measure, the company beat the mean analyst estimate of $-0.16. It beat the average revenue estimate of $23.67 million.

Quoting Management: “We are pleased with the Company’s financial results for the second quarter,” said Douglas A. Michels, President and CEO of OraSure Technologies, Inc. “A major contributor to this performance was the record level of revenues reported by our molecular collections subsidiary, DNA Genotek. We are also making good progress in commercializing the OraSure(NYSE:R) In-Home HIV test, as we continue to refine our sales and marketing strategies to maximize the financial opportunity and health benefits offered by this important new product.”

Key Stats (on next page)…

Revenue increased 14.84% from $21.16 million in the previous quarter. EPS increased to $-0.10 in the quarter versus EPS of $-0.18 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 $0.11 to a loss $0.12. For the current year, the average estimate has moved down from a loss of $0.53 to a loss of $0.56 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)

More Articles About:   , , ,  

More from The Cheat Sheet