Bemis Earnings: Everything You Must Know Now

Bemis Company, Inc. (NYSE:BMS) 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.

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Bemis Company, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 8.16% to $0.53 in the quarter versus EPS of $0.49 in the year-earlier quarter.

Revenue: Decreased 3.82% to $1.26 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bemis Company, Inc. reported adjusted EPS income of $0.53 per share. By that measure, the company missed the mean analyst estimate of $0.54. It missed the average revenue estimate of $1.3 billion.

Quoting Management: “I am pleased to report that we achieved record first quarter adjusted earnings per share this year,” said Henry Theisen, Bemis Company’s President and Chief Executive Officer. “Our improved margin performance reflects our increased sales of barrier packaging for refrigerated products and the benefits of our 2012 facility consolidation program. We are building positive momentum as we enter our seasonally stronger summer months and look forward to continued improvement throughout the year.”

Key Stats (on next page)…

Revenue increased 1.71% from $1.23 billion in the previous quarter. EPS increased 1.92% from $0.52 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.60 to a profit $0.59. For the current year, the average estimate has moved up from a profit of $2.33 to a profit of $2.39 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)