Qiwi PLC 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.
Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Qiwi PLC Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $7.02 in the quarter versus EPS of $ in the year-earlier quarter.

Revenue: Decreased 0% to $1.28 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $7.02 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.

Quoting Management: “QIWI is pleased to report a strong start to 2013. Our first quarter results are a testament to the value of our integrated proprietary network, our comprehensive suite of differentiated payment services, and our leading position in the fast-growing markets we serve,” said Sergey Solonin, QIWI’s chief executive officer. “We remain excited by the wide range of growth opportunities available to us including continuing to capitalize on strong secular trends in the Russian and CIS markets and the rapid adoption of our Visa Qiwi Wallet. We will continue to build on our accomplishments with a focus on creating long-term value.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased to $7.02 in the quarter versus EPS of $ in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate is a loss of $0, which is the same with that ninety days ago.

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)