POZEN Earnings: Here’s Why Shares are Down Now
POZEN, Inc. (NASDAQ:POZN) 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 down 0.17%.
POZEN, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.13 in the quarter versus EPS of $-0.17 in the year-earlier quarter.
Revenue: Decreased 3.95% to $1.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: POZEN, Inc. reported adjusted EPS loss of $0.13 per share. By that measure, the company beat the mean analyst estimate of $-0.20. It beat the average revenue estimate of $1.3 million.
Key Stats (on next page)…
Revenue increased 19.72% from $1.42 million in the previous quarter. EPS increased to $-0.13 in the quarter versus EPS of $-0.19 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 $0.19 to a loss $0.21. For the current year, the average estimate has moved up from a loss of $0.81 to a loss of $0.26 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)