Aegion Earnings: Everything You Must Know Now

Aegion Corp (NASDAQ:AEGN) 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 0%.

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Aegion Corp Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 61.11% to $0.07 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 0.48% to $231.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.07 per share. By that measure, the company missed the mean analyst estimate of $0.1. It beat the average revenue estimate of $228.92 million.

Quoting Management: J. Joseph Burgess, Aegion’s President and Chief Executive Officer, commented, “The first quarter represents our smallest earnings period of the year because of the seasonally low activity for many of our businesses. This year we experienced an unexpected increase in project delays because of adverse weather in North America, and as a result of several contracts delayed at the request of our customers. We are confident in our ability to recover during the remainder of 2013 from this slow start to the year based on solid backlog already in hand and the robust bid table and prospects before us.”

“The results in the first quarter do not change our outlook and guidance previously stated for 2013, while we know that our schedule is more compressed due to the slow start to the year. Our busy season is upon us, and we believe our position remains strong across all three platforms.”

Key Stats (on next page)…

Revenue decreased 15.65% from $274.68 million in the previous quarter. EPS decreased 82.05% from $0.39 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 $0.44 to a profit $0.46. For the current year, the average estimate has moved down from a profit of $1.72 to a profit of $1.62 over the last ninety days.

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