Orthofix International NV (NASDAQ:OFIX) delivered a profit and missed 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. Shares are up 0.76%.
Orthofix International NV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 66.67% to $0.23 in the quarter versus EPS of $0.69 in the year-earlier quarter.
Revenue: Decreased 29.93% to $100.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Orthofix International NV reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.66. It missed the average revenue estimate of $111.22 million.
Quoting Management: Brad Mason, President and Chief Executive Officer, commented, “I am delighted to rejoin Orthofix and am confident that I can lead the Company in a way that will maximize its potential to create shareholder value. I am very encouraged by the many strengths I see in our organization.”
Key Stats (on next page)…
Revenue decreased 10.47% from $112.03 million in the previous quarter. EPS decreased 71.6% from $0.81 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 profit of $0.78 to a profit $0.76. For the current year, the average estimate has moved down from a profit of $3.06 to a profit of $2.97 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)