Quality Systems Earnings: Everything You Must Know Now

Quality Systems Inc. (NASDAQ:QSII) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Quality Systems Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 16% to $0.21 in the quarter versus EPS of $0.25 in the year-earlier quarter.

Revenue: Rose 2.12% to $111.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Quality Systems Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company missed the mean analyst estimate of $0.28. It missed the average revenue estimate of $117.31 million.

Quoting Management: “We are moving forward with the reorganizational plan we put in place during fiscal 2013, and are increasing our opportunities to leverage cross selling, especially on the RCM Services side. We also saw positive momentum in our bookings of products and services during the fourth quarter, including record RCM bookings, which is affording us a great start in the new fiscal year,” said Steven T. Plochocki, president and chief executive officer.

Key Stats (on next page)…

Revenue decreased 2.8% from $114.51 million in the previous quarter. EPS decreased 19.23% from $0.26 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 profit of $0.28 and has not changed. For the current year, the average estimate is a profit of $1.07, 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)