Yandex NV (NASDAQ:YNDX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 2.27%.
Yandex NV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 95.61% to $0.27 in the quarter versus EPS of $6.15 in the year-earlier quarter.
Revenue: Rose 33.93% to $281.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Yandex NV reported adjusted EPS income of $0.27 per share. By that measure, the company missed the mean analyst estimate of $8.26. It missed the average revenue estimate of $9.12 billion.
Quoting Management: “Yandex delivered strong financial and operating results. We released the mobile version of our Yandex.Browser and a new, task-oriented version of Yandex.Mail,” said Arkady Volozh, CEO of Yandex. “We also unveiled Yandex.Islands, a next generation search platform with interactive search results.”
Key Stats (on next page)…
Revenue increased 9.07% from $257.81 million in the previous quarter. EPS decreased 96.23% from $7.16 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $8.98 to a profit $9.14. For the current year, the average estimate has moved up from a profit of $34.01 to a profit of $35.03 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)