Belo Earnings: Here’s Why Investors Like These Results
Belo Corp. (NYSE:BLC) 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 0.42%.
Belo Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 0% to $0.24 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Decreased 2.32% to $173.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Belo Corp. reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.21. It missed the average revenue estimate of $174.56 million.
Key Stats (on next page)…
Revenue increased 8.21% from $160.34 million in the previous quarter. EPS increased 50% from $0.16 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.13 and has not changed. For the current year, the average estimate has moved up from a profit of $0.78 to a profit of $0.79 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)