Aeroflex Holding Earnings: Everything You Must Know Now

Aeroflex Holding Corp. (NYSE:ARX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Aeroflex Holding Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 50% to $0.12 in the quarter versus EPS of $0.08 in the year-earlier quarter.

Revenue: Decreased 0.78% to $161 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Aeroflex Holding Corp. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $158.8 million.

Quoting Management: “Our wireless ATS business has continued its turnaround this fiscal year. The significant operational changes we implemented are now visible in our results as demonstrated by our increased gross margins and Adjusted EBITDA. We are executing on our strategic plan despite the challenges that exist due to sequestration in some of our government markets,” stated Len Borow, Chief Executive Officer of Aeroflex. “Our AMS business continues to have a strong bookings year contributing to our nine month book-to-bill of over 1-to-1, which provides increased confidence going into our largest quarter of the fiscal year.”

Key Stats (on next page)…

Revenue increased 3.05% from $156.23 million in the previous quarter. EPS increased 20% from $0.10 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 $0.20 to a profit $0.21. For the current year, the average estimate has moved up from a profit of $0.43 to a profit of $0.46 over the last ninety days.

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