Badger Meter Inc. (NYSE:BMI) 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.
Badger Meter Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 52.38% to $0.2 in the quarter versus EPS of $0.42 in the year-earlier quarter.
Revenue: Decreased 5.81% to $71.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Badger Meter Inc. reported adjusted EPS income of $0.2 per share. By that measure, the company missed the mean analyst estimate of $0.5. It missed the average revenue estimate of $79.79 million.
Quoting Management: “This was a challenging quarter for Badger Meter. Sales to water utilities were down due to weather and other factors, while our industrial sales increased slightly as a result of the acquisition of Racine Federated last year,” said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter.
Key Stats (on next page)…
Revenue decreased 3.39% from $74.32 million in the previous quarter. EPS decreased 48.72% from $0.39 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 $0.61 to a profit $0.63. For the current year, the average estimate has moved up from a profit of $2.25 to a profit of $2.31 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)