Steiner Leisure Earnings: Here’s Why the Stock is Rising Now
Steiner Leisure Ltd. (NASDAQ:STNR) 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 down 1.30%.
Steiner Leisure Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.47% to $0.86 in the quarter versus EPS of $0.95 in the year-earlier quarter.
Revenue: Rose 6.78% to $212 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Steiner Leisure Ltd. reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.73. It beat the average revenue estimate of $200.33 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 0.44% from $211.08 million in the previous quarter. EPS increased 6.17% from $0.81 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 profit of $0.93 to a profit $0.89. For the current year, the average estimate has moved down from a profit of $3.71 to a profit of $3.36 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)