ValueVision Media Inc. (NASDAQ:VVTV) 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 2.24%.
ValueVision Media Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.02 in the quarter versus EPS of $-0.18 in the year-earlier quarter.
Revenue: Rose 10.88% to $151.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ValueVision Media Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company beat the mean analyst estimate of $0.01. It beat the average revenue estimate of $146.77 million.
Quoting Management: ValueVision CEO, Keith Stewart, said, “We have extended our positive momentum from 2012 with continued improvement in our product diversity, customer growth and customer service metrics. Although we are encouraged by this performance, there is still plenty of work ahead of us. Key areas of focus remain executing our merchandising strategy, enhancing the customer experience, and improving the efficiency of our operations.”
Key Stats (on next page)…
Revenue decreased 14.7% from $177.5 million in the previous quarter. EPS increased to $0.02 in the quarter versus EPS of $-0.01 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 $0.03 to a profit $0.02. For the current year, the average estimate has moved up from a profit of $0.01 to a profit of $0.06 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)