Quintiles Transnational Holdings Inc (NYSE:Q) 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. Shares are up 4.15%.
Quintiles Transnational Holdings Inc Earnings Cheat Sheet
Revenue: Decreased 55.29% to $1.3 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quintiles Transnational Holdings Inc reported adjusted EPS income of $0.5 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $942.93 million.
Quoting Management: “Quintiles delivered solid results overall with continued strength in new business wins,” said Tom Pike, Quintiles’ chief executive officer. “We have maintained the momentum following our initial public offering in May, which we believe demonstrates the confidence our customers have in us as well as the depth and diversity of our customer base. I am also pleased to report double-digit adjusted net income growth and improved margins on a year-to-date basis despite the negative impact on revenues that resulted from unfavorable foreign exchange rates.”
Key Stats (on next page)…
Revenue increased 5.47% from $1.23 billion 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 a loss of $0 to a profit $0.49. For the current year, the average estimate has moved up from a loss of $0 to a profit of $1.88 over the last ninety days.
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)