STEC Earnings: Everything You Must Know Now

STEC, Inc. (NASDAQ:STEC) had a loss 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.

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STEC, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.41 in the quarter versus EPS of $-0.17 in the year-earlier quarter.

Revenue: Decreased 56.37% to $22 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: STEC, Inc. reported adjusted EPS loss of $0.41 per share. By that measure, the company beat the mean analyst estimate of $-0.42. It beat the average revenue estimate of $21.97 million.

Quoting Management: “Our results were in-line with the guidance that we provided for the first quarter of 2013 as we continue to work towards the objective of diversifying our market presence and expanding our customer base through our new go-to-market strategy,” said Mark Moshayedi, sTec’s CEO and President.

Key Stats (on next page)…

Revenue decreased 37.39% from $35.14 million in the previous quarter. EPS decreased to $-0.41 in the quarter versus EPS of $-0.35 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.28 to a loss $0.39. For the current year, the average estimate has moved down from a loss of $1.05 to a loss of $1.48 over the last ninety days.

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