Piper Jaffray Companies Earnings: Here’s Why Investors are Not Excited Now

Piper Jaffray Companies (NYSE:PJC) delivered a profit and beat Wall Street’s expectations, BUT 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 down 4.99%.

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Piper Jaffray Companies Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 81.82% to $0.6 in the quarter versus EPS of $0.33 in the year-earlier quarter.

Revenue: Decreased 11.75% to $109.53 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Piper Jaffray Companies reported adjusted EPS income of $0.6 per share. By that measure, the company beat the mean analyst estimate of $0.5. It missed the average revenue estimate of $113.2 million.

Quoting Management: “We produced solid results this quarter led by our public finance, fixed income and asset management businesses,” said Andrew S. Duff, chairman and chief executive officer.

Key Stats (on next page)…

Revenue decreased 24.87% from $145.79 million in the previous quarter. EPS decreased 31.82% from $0.88 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 $0.63 to a profit $0.6. For the current year, the average estimate has moved up from a profit of $2.45 to a profit of $2.57 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)