Symmetricom Inc. (NASDAQ:SYMM) 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.
Symmetricom Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 41.67% to $0.07 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Decreased 16.79% to $52.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Symmetricom Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $51 million.
Quoting Management: “Symmetricom is a great company with best-in-class technology and products, a blue-chip customer base and talented employees,” said Liz Fetter, recently appointed chief executive officer of Symmetricom. “My focus is to drive the business to sustainable and profitable growth. We took significant action in June to restructure the Company which we believe will position us to deliver higher profitability in fiscal 2014. We are intensely focused on the execution of our business plan and the key initiatives for enhancing our competitive position and driving growth.”
Key Stats (on next page)…
Revenue decreased 2.34% from $53.35 million in the previous quarter. EPS were the same at $0.07 as 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 $0.08 to a profit $0.05. For the current year, the average estimate has moved down from a profit of $0.19 to a profit of $0.16 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)