FARO Technologies Earnings: Here’s Why Investors Don’t Like These Results

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

FARO Technologies Inc. (NASDAQ:FARO) delivered a profit 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. Shares are down 4.53%.

FARO Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 25% to $0.21 in the quarter versus EPS of $0.28 in the year-earlier quarter.

Revenue: Rose 47.24% to $98.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FARO Technologies Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company missed the mean analyst estimate of $0.3. It beat the average revenue estimate of $70.56 million.

Key Stats (on next page)…

Revenue increased 50.37% from $65.37 million in the previous quarter. EPS decreased 22.22% from $0.27 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 $0.35 to a profit $0.33. For the current year, the average estimate has moved down from a profit of $1.58 to a profit of $1.43 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)

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business