Annie’s Earnings: Here’s Why Shares are Down Now

Annie’s (NYSE:BNNY) 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 down 2.83%.

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Annie’s Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 20.83% to $0.29 in the quarter versus EPS of $0.24 in the year-earlier quarter.

Revenue: Was the same at $52.2 million as the year-earlier quarter.

Actual vs. Wall St. Expectations: Annie’s reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.28. It beat the average revenue estimate of $50.73 million.

Quoting Management: “Our strong fourth quarter results capped off a successful year for our company,” commented John Foraker, CEO of Annie’s. “Our sales for both the quarter and full year exceeded our expectations and were driven by a continuation of strong consumption trends. Our sharp focus on execution enabled us to overcome the challenge presented by the voluntary pizza recall announced on January 22nd and deliver robust sales and EPS growth.”

Key Stats (on next page)…

Revenue increased 43.88% from $36.28 million in the previous quarter. EPS increased 93.33% from $0.15 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 $0.14 to a profit $0.15. For the current year, the average estimate is a profit of $0.79, 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)