Sykes Enterprises Earnings: Here’s Why the Stock is Down Now
Sykes Enterprises, Incorporated (NASDAQ:SYKE) 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 0.15%.
Sykes Enterprises, Incorporated Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.33% to $0.22 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 15.07% to $304.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sykes Enterprises, Incorporated reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $303 million.
Key Stats (on next page)…
Revenue increased 1.15% from $301.24 million in the previous quarter. EPS decreased 4.35% from $0.23 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 $0.35 to a profit $0.31. For the current year, the average estimate has moved up from a profit of $1.21 to a profit of $1.24 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)