Sourcefire Earnings: Here’s Why Investors are Ambivalent Now

Sourcefire, Inc. (NASDAQ:FIRE) 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.

Sourcefire, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 25% to $0.2 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Rose 28.56% to $65.05 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Sourcefire, Inc. reported adjusted EPS income of $0.2 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $62.02 million.

Key Stats (on next page)…

Revenue increased 15.83% from $56.16 million in the previous quarter. EPS increased 81.82% from $0.11 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 $0.3 and has not changed. For the current year, the average estimate has moved down from a profit of $0.99 to a profit of $0.96 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)