Axiall Corp (NYSE:AXLL) 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 up 0.73%.
Axiall Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 190.24% to $1.19 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 46.68% to $1.27 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $1.19 per share. By that measure, the company beat the mean analyst estimate of $1.17. It beat the average revenue estimate of $1.26 billion.
Quoting Management: “We are pleased to complete the first full quarter as Axiall. We have made significant progress integrating the organizations and building on our complementary assets while maintaining a steady focus on safety and execution,” said Paul Carrico, president and chief executive officer. “We are on track to achieve our synergy targets of a $60 million run rate by year end 2013 and $115 million run rate by the end of 2014.”
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased 58.67% from $0.75 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 $1.52 to a profit $1.34. For the current year, the average estimate has moved down from a profit of $5.18 to a profit of $4.15 over the last ninety days.
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)