American Woodmark Earnings: Here’s Why Investors Like These Results

American Woodmark Corp. (NASDAQ:AMWD) 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 up 10.36%.

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American Woodmark Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.14 in the quarter versus EPS of $-0.19 in the year-earlier quarter.

Revenue: Rose 26.19% to $151.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: American Woodmark Corp. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $140.55 million.

Quoting Management:There was no comment from management in the report.

Key Stats (on next page)…

Revenue decreased 5.23% from $159.76 million in the previous quarter. EPS was the same at $0.14 as 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 $0.14 to a profit $0.16. For the current year, the average estimate has moved up from a profit of $0.31 to a profit of $0.40 over the last ninety days.

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