Arctic Cat Earnings: Everything You Must Know Now

Arctic Cat Inc. (NASDAQ:ACAT) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Arctic Cat Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.38 in the quarter versus EPS of $-0.49 in the year-earlier quarter.

Revenue: Rose 14.94% to $113.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Arctic Cat Inc. reported adjusted EPS loss of $0.38 per share. By that measure, the company beat the mean analyst estimate of $-0.40. It missed the average revenue estimate of $121.2 million.

Quoting Management: “We had another year of outstanding financial performance and are very pleased to report record net earnings and EPS for the fiscal 2013 full year,” said Claude Jordan, Arctic Cat’s chairman and chief executive officer. “Higher sales volumes, combined with our ongoing focus on operational excellence and cost control, again contributed to strong top- and bottom-line results for fiscal 2013.”

Key Stats (on next page)…

Revenue decreased 48.08% from $218.02 million in the previous quarter. EPS decreased to $-0.38 in the quarter versus EPS of $1.30 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 $0.18 and has not changed. For the current year, the average estimate is a profit of $2.85, 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)