Premiere Global Services Earnings: Everything You Must Know Now
Premiere Global Services, Inc. (NYSE:PGI) 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.
Premiere Global Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 0% to $0.18 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 5.92% to $125.77 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Premiere Global Services, Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company missed the mean analyst estimate of $0.18. It beat the average revenue estimate of $124.61 million.
Quoting Management: “We are pleased with our solid financial performance in 2012, as we continued to grow across all regions and product lines and to generate operating leverage in our business,” said Boland T. Jones, PGi founder, chairman and CEO. “Last year, we also made meaningful strategic progress in transitioning PGi toward a software as a service model, with increasing momentum of our next-generation virtual meeting solutions, iMeet® and GlobalMeet®, in the global market.”
Key Stats (on next page)…
Revenue decreased 0.1% from $125.89 million in the previous quarter. EPS decreased 0% from $0.18 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 $0.2 to a profit $0.19. For the current year, the average estimate is a profit of $0.73, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)