Accuride Earnings: Everything You Must Know Now

Accuride Corporation (NYSE:ACW) 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.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Accuride Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.34 in the quarter versus EPS of $-0.06 in the year-earlier quarter.

Revenue: Decreased 28.58% to $192.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Accuride Corporation reported adjusted EPS loss of $0.34 per share. By that measure, the company missed the mean analyst estimate of $-0.30. It beat the average revenue estimate of $176.83 million.

Quoting Management: President & CEO Rick Dauch said, “We continued to experience softness in our two primary market segments, North American commercial vehicle and global mining/construction, which led to significantly reduced revenue during the first quarter. We continue to focus on what is in our control by taking targeted actions to reduce our overall cost structure and have substantially completed our manufacturing footprint consolidation efforts. We are aggressively managing working capital, now at nine percent of sales, and have secured leases for aluminum wheel process equipment which provides $10 million of additional liquidity. We believe that the first quarter represents the bottom of the North American commercial vehicle cycle. We are prepared for and look forward to the pending market upturn.”

Key Stats (on next page)…

Revenue increased 9.21% from $176.26 million in the previous quarter. EPS increased to $-0.34 in the quarter versus EPS of $-0.47 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.12 and has not changed. For the current year, the average estimate has moved up from a loss of $0.42 to a loss of $0.40 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]