American Science & Engineering Inc. (NASDAQ:ASEI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
American Science & Engineering Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.64% to $0.52 in the quarter versus EPS of $0.47 in the year-earlier quarter.
Revenue: Decreased 8.96% to $43.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Science & Engineering Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.60. It missed the average revenue estimate of $43.65 million.
Quoting Management: “I am pleased with the operational performance of the business reflected in the year-over-year improvement in EPS and operating income on reduced revenues,” said Chuck Dougherty, AS&E’s President and Chief Executive Officer. “While we continue to see some short-term order volatility, we are encouraged by the positive trends we see in the current activity levels of our core markets. The results of the Company’s restructuring and cost-containment efforts are clearly indicated in our operating results.”
Key Stats (on next page)…
Revenue increased 1.94% from $42.28 million in the previous quarter. EPS increased 477.78% from $0.09 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 $0.59 to a profit $0.56. For the current year, the average estimate has moved down from a profit of $2.60 to a profit of $2.44 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)