PolyOne Corporation (NYSE:POL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
PolyOne Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.9% to $0.31 in the quarter versus EPS of $0.29 in the year-earlier quarter.
Revenue: Rose 2.57% to $801.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PolyOne Corporation reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.26. It missed the average revenue estimate of $817.05 million.
Quoting Management: “This marks the fourteenth consecutive quarter of double-digit adjusted earnings per share expansion,” said Stephen D. Newlin, chairman, president, and chief executive officer. “This truly was a breakout quarter for our specialty businesses, as they delivered a 34.4% increase in adjusted operating income over the first quarter of last year, a new first quarter record.”
Key Stats (on next page)…
Revenue increased 17.93% from $679.3 million in the previous quarter. EPS increased 47.62% from $0.21 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 $0.42 to a profit $0.37. For the current year, the average estimate has moved down from a profit of $1.35 to a profit of $1.21 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)