AZZ incorporated (NYSE:AZZ) delivered a profit 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. Shares are up 0.58%.
AZZ incorporated Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.95% to $0.50 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 13.56% to $140.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AZZ incorporated reported adjusted EPS income of $0.50 per share. By that measure, the company beat the mean analyst estimate of $0.48. It missed the average revenue estimate of $142.69 million.
Quoting Management: David H. Dingus, president and chief executive officer of AZZ incorporated, commented, “We are extremely proud of our accomplishments for the year, both strategically and operationally. Fiscal Year 2013 was AZZ’s twenty-sixth consecutive year of profitability with record revenues and earnings per share. We believe AZZ is well positioned for the future, with a balanced portfolio of products and services as well as a strong balance sheet with superior earnings potential.”
Key Stats (on next page)…
Revenue decreased 6.19% from $149.67 million in the previous quarter. EPS decreased 16.67% from $0.60 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 $0.64 to a profit $0.66. For the current year, the average estimate has moved down from a profit of $2.25 to a profit of $2.22 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)