PCTEL, Inc. (NASDAQ:PCTI) 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.
PCTEL, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 22.22% to $0.11 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 33.77% to $26.74 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PCTEL, Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $25.41 million.
Quoting Management: “We made solid progress on all fronts during the second quarter,” said Marty Singer, PCTEL’s Chairman and CEO. “We saw revenue increases in Connected Solutions and RF Solutions and a contribution from assets acquired over the past two years. Favorable responses to the EXflex, our new MIMO antennas, and our expanded indoor services should help PCTEL maintain momentum,” added Singer.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased 83.33% from $0.06 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 $0.13 and has not changed. For the current year, the average estimate has moved up from a profit of $0.4 to a profit of $0.42 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)