American Science & Engineering Earnings: Here’s Why Shares are Up Now

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. Shares are up 1.21%.

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American Science & Engineering Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 280% to $0.57 in the quarter versus EPS of $0.15 in the year-earlier quarter.

Revenue: Rose 6.34% to $42.28 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: American Science & Engineering Inc. reported adjusted EPS income of $0.57 per share. By that measure, the company missed the mean analyst estimate of $0.66. It missed the average revenue estimate of $51.64 million.

Quoting Management: “Fiscal year 2013 was challenging for AS&E,” said Chuck Dougherty, AS&E’s President and Chief Executive Officer. “Bookings were flat and revenues were down comparative to fiscal year 2012, and earnings were impacted by $0.48 due to the previously announced force reduction and the resolution of a contractual issue related to a multi-unit order to a strategic Middle Eastern customer. But fiscal year 2013 is behind us and it’s time to look forward. On a positive note, we continue to buy back stock through our share repurchase program, our operations continue to generate positive cash flow, and the performance from our service contracts remains strong. Our position as the leader in advanced imaging technology, along with the domain expertise and capabilities of our organization and our strong financial position, gives us a great base from which to build.”

Key Stats (on next page)…

Revenue decreased 16.77% from $50.8 million in the previous quarter. EPS decreased 21.92% from $0.73 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 $0.57 to a profit $0.62. For the current year, the average estimate has moved up from a profit of $2.55 to a profit of $2.63 over the last ninety days.

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