Trulia Earnings: Here’s Why Investors are Buying Shares Now

Trulia Inc (NYSE:TRLA) 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 11.11%.

Trulia Inc Earnings Cheat Sheet

Results:

Revenue: Rose 76.53% to $29.71 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $27.69 million.

Quoting Management: “Driven by product innovation and strong sales force execution, we achieved another record quarter of revenue and subscriber growth,” said Pete Flint, Chief Executive Officer of Trulia. “In addition, our proposed acquisition of Market Leader will strengthen our position as a leading platform for consumers and professionals, with approximately 50,000 premium subscribers.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased to $0.05 in the quarter versus EPS of $-0.02 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.06 and has not changed. For the current year, the average estimate has moved up from a profit of $0.16 to a profit of $0.17 over the last ninety days.

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