Synergetics USA Earnings: Here’s Why Investors Like These Results

Synergetics USA, Inc. (NASDAQ:SURG) 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 up 4.82%.

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Synergetics USA, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 0% to $0.05 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Rose 11.87% to $16.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Synergetics USA, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $14.99 million.

Quoting Management: “We were pleased with our third quarter performance overall as we posted solid top-line growth driven by normalized ordering patterns from our OEM partners and improving sales contributions from our VersaVIT™ vitrectomy systems,” said David M. Hable, the Company’s President and Chief Executive Officer. “While still early in our commercialization of the VersaVIT™ system, we have made considerable progress since receiving FDA approval less than a year ago. We are encouraged by the continued strong market response and anticipate stronger ophthalmic sales growth in the future as utilization of the installed base increases.”

Key Stats (on next page)…

Revenue increased 15.93% from $14.06 million in the previous quarter. EPS increased to $0.05 in the quarter versus EPS of $-0.05 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 $0.1 to a profit $0.05. For the current year, the average estimate has moved down from a profit of $0.3 to a profit of $0.08 over the last ninety days.

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

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