Asset Acceptance Capital Earnings: Everything You Must Know Now
Asset Acceptance Capital Corp. (NASDAQ:AACC) delivered a profit and missed 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.
Asset Acceptance Capital Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 94.44% to $0.01 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Decreased 10.8% to $55.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Asset Acceptance Capital Corp. reported adjusted EPS income of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.14. It missed the average revenue estimate of $60.35 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 6.81% from $51.68 million in the previous quarter. EPS decreased 50% from $0.02 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.14 to a profit $0.12. For the current year, the average estimate has moved down from a profit of $0.58 to a profit of $0.47 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)