Amira Nature Foods (NYSE:ANFI) delivered a profit and met 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.
Amira Nature Foods Earnings Cheat Sheet
Revenue: Rose 10.06% to $140.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Amira Nature Foods reported adjusted EPS income of $0.24 per share. By that measure, the company met the mean analyst estimate of $0.24. It beat the average revenue estimate of $133.94 million.
Quoting Management: Karan A. Chanana, Amira’s Chairman and Chief Executive Officer, stated, “In the fourth quarter, we generated strong revenue and EBITDA growth, which enabled us to achieve record financial results that exceeded our fiscal 2013 annual guidance. We continue to benefit from steadily growing demand for our Basmati rice and complementary products among our existing customers as well as new customers. We also are pleased that we are continuing to grow both in India and internationally.”
Key Stats (on next page)…
Revenue increased 23.08% from $113.91 million in the previous quarter. EPS increased 41.18% from $0.17 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 $0.12 and has not changed. For the current year, the average estimate is a profit of $0.59, which is the same with that ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)