Xenoport Earnings: Everything You Must Know Now

Xenoport, Inc. (NASDAQ:XNPT) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Xenoport, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.50 in the quarter versus EPS of $-0.26 in the year-earlier quarter.

Revenue: Decreased 55.78% to $4.59 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Xenoport, Inc. reported adjusted EPS loss of $0.50 per share. By that measure, the company missed the mean analyst estimate of $-0.47. It beat the average revenue estimate of $1.2 million.

Quoting Management: Ronald W. Barrett, Ph.D., chief executive officer of XenoPort, stated, “In the first quarter of 2013, we continued to focus on three value drivers for the company. We have invested in advancing the development of our novel fumaric acid ester compound, XP23829, including ongoing preclinical and two Phase 1 clinical studies. We expect to have the results from these studies by midyear. We believe the information from these studies will be valuable as we explore potential Phase 2/3 development strategies with regulatory authorities later this year.”

Key Stats (on next page)…

Revenue increased 836.73% from $490,000 in the previous quarter. EPS decreased to $-0.50 in the quarter versus EPS of $-0.38 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 $0.39 to a loss $0.52. For the current year, the average estimate has moved down from a loss of $1.57 to a loss of $2.07 over the last ninety days.

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