Barnes Group Earnings: Here’s Why the Stock is Down Now

Barnes Group Inc. (NYSE:B) delivered a profit and met 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. Shares are down 0.64%.

Barnes Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.44% to $0.47 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Decreased 8.87% to $267.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Barnes Group Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company missed the mean analyst estimate of $0.47. It missed the average revenue estimate of $269.4 million.

Quoting Management: “Sustained execution of our growth strategy allowed us to increase sales and expand operating margins during the quarter,” said Patrick J. Dempsey, President and Chief Executive Officer of Barnes Group Inc. “Despite some challenging end-markets, our Industrial segment delivered solid organic growth and improved margin performance.” Dempsey continued, “In our Aerospace segment, backlogs are strong, commercial end-markets remain favorable, and the aftermarket showed signs of improvement from the prior quarter.”

Key Stats (on next page)…

Revenue increased 1.46% from $263.55 million in the previous quarter. EPS increased 17.5% from $0.40 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 $0.51 to a profit $0.52. For the current year, the average estimate has moved up from a profit of $1.9 to a profit of $1.91 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)

More Articles About:   , , ,  

More from The Cheat Sheet