Alliant Techsystems Earnings: Here’s Why Investors are Happy Now

Alliant Techsystems Inc. (NYSE:ATK) 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. Shares are down 3.04%.

Alliant Techsystems Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.7% to $2.24 in the quarter versus EPS of $2.16 in the year-earlier quarter.

Revenue: Decreased 0.33% to $1.08 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Alliant Techsystems Inc. reported adjusted EPS income of $2.24 per share. By that measure, the company beat the mean analyst estimate of $1.93. It beat the average revenue estimate of $1.03 billion.

Quoting Management: “ATK had a strong first quarter, where we continue to see positive momentum from disciplined capital deployment, operational excellence initiatives and investments in technology and new product development,” said Mark DeYoung, ATK President and Chief Executive Officer. “Our continued focus is to generate superior shareholder returns over time through the application of affordable innovation and execution excellence as we develop and manufacture highly engineered products for our customers.”

Key Stats (on next page)…

Revenue decreased 6.51% from $1.15 billion in the previous quarter. EPS increased 0.45% from $2.23 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 $1.9 to a profit $2.01. For the current year, the average estimate has moved up from a profit of $7.4 to a profit of $8.08 over the last ninety days.

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