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.
Sykes Enterprises, Incorporated Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 28.13% to $0.23 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 8.31% to $301.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sykes Enterprises, Incorporated reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $299.55 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 1.01% from $304.27 million in the previous quarter. EPS decreased 41.03% from $0.39 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 $0.31 to a profit $0.27. For the current year, the average estimate has moved down from a profit of $1.40 to a profit of $1.21 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)