Tremor Video Earnings: Here’s Why the Stock is Rising Now
Tremor Video Inc (NYSE:TRMR) had a loss 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 1.61%.
Tremor Video Inc Earnings Cheat Sheet
Revenue: Decreased 0% to $35.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tremor Video Inc reported adjusted EPS loss of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $32.31 million.
Quoting Management: “Our strong results in Q2 reflect our leadership position in the online video market,” said Bill Day, President & CEO of Tremor Video. “We delivered record in-stream revenue and earnings, reflecting the strength of our technology and our business model. Our focus on brand performance technology and solutions, premium content partnerships and transparency is creating a solid foundation for long-term growth.”
Key Stats (on next page)…
Revenue increased 43.32% from $24.77 million 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 loss of $0 to a loss $0.05. For the current year, the average estimate has moved down from a loss of $0 to a loss of $0.25 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)