Sapient Corp. (NASDAQ:SAPE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Sapient Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 71.43% to $0.12 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Rose 8.61% to $292.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sapient Corp. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.09. It missed the average revenue estimate of $296.05 million.
Quoting Management: “Despite a slower start to the year, our business is well positioned competitively and showing strong momentum,” said Sapient Chief Executive Officer and Co-Chairman Alan J. Herrick. “Both SapientNitro and Sapient Global Markets are well positioned for growth.”
Key Stats (on next page)…
Revenue decreased 3.76% from $304.02 million in the previous quarter. EPS decreased 14.29% from $0.14 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 $0.12 and has not changed. For the current year, the average estimate is a profit of $0.54, 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)