PowerSecure International Earnings: Everything You Must Know Now
PowerSecure International, Inc. (NASDAQ:POWR) delivered a profit and met 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.
PowerSecure International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Rose 35.58% to $45 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PowerSecure International, Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company met the mean analyst estimate of $0.04. It beat the average revenue estimate of $39.7 million.
Quoting Management: “2013 is off to a fantastic start with exceptional revenue growth, continued leverage on the bottom line, and another quarter of record backlog which provides us with excellent visibility and confidence for the remainder of the year,” said Sidney Hinton, chief executive officer of PowerSecure.
Key Stats (on next page)…
Revenue decreased 3.74% from $46.75 million in the previous quarter. EPS decreased 69.23% from $0.13 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.08 to a profit $0.09. For the current year, the average estimate has moved up from a profit of $0.45 to a profit of $0.53 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)