Qiwi Earnings: Everything You Must Know Now
Qiwi plc (NASDAQ:QIWI) 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.
Qiwi plc Earnings Cheat Sheet
Revenue: Was the same at $47.7 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: Qiwi plc reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $39.33 million.
Quoting Management: “Our second quarter results reflect strong performance across our business,” said Sergey Solonin, QIWI’s chief executive officer. “During the quarter, we continued to execute on a number of our growth strategies including expanding the number of participants in our payments network, increasing the utilization of our service offerings, and driving the adoption of Visa QIWI Wallet.”
Key Stats (on next page)…
EPS increased 14.29% from $0.28 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 $0 to a profit $0.26. For the current year, the average estimate has moved up from $0 to a profit of $1.06 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)