Ametek Earnings: Everything You Must Know Now

Ametek Inc. (NYSE:AME) delivered a profit and met 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.

Ametek 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: Rose 6.41% to $878.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ametek Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.52. It missed the average revenue estimate of $892.01 million.

Quoting Management: “We are very pleased with our results this quarter given the continued soft economic environment. We delivered record operating performance as a result of the strength in our long-cycle businesses combined with our Operational Excellence initiatives,” noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue decreased 0.46% from $882.85 million in the previous quarter. EPS increased 1.96% from $0.51 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.54 and has not changed. For the current year, the average estimate is a profit of $2.11, which is the same with that ninety days ago.

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