Belo Earnings: Here’s Why the Stock is Up Now
Belo Corp. (NYSE:BLC) 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 1.2%.
Belo Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.29% to $0.16 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 2.82% to $160.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Belo Corp. reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $159.45 million.
Quoting Management: Dunia A. Shive, Belo’s president and Chief Executive Officer, said, “The Company’s total revenue grew almost 3 percent in the first quarter of 2013 compared to the first quarter of 2012, with gains in core spot and total spot revenue. Also, our ongoing investments in interactive products and services contributed to a 22 percent increase in Internet revenue.”
Key Stats (on next page)…
Revenue decreased 21.78% from $204.93 million in the previous quarter. EPS decreased 56.76% from $0.37 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 $0.22 to a profit $0.23. For the current year, the average estimate has moved up from a profit of $0.77 to a profit of $0.78 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)