Black Box Earnings: Here’s Why the Stock is Rising Now

Black Box Corp. (NASDAQ:BBOX) 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 0.72%.

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Black Box Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 32.31% to $0.44 in the quarter versus EPS of $0.65 in the year-earlier quarter.

Revenue: Decreased 7.15% to $237.69 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Black Box Corp. reported adjusted EPS income of $0.44 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.

Quoting Management: Commenting on the fourth quarter of Fiscal 2013 results, Michael McAndrew, President and Chief Executive Officer, said, “Our results from the fourth quarter and Fiscal 2013 reflect both the challenges and opportunities in the markets that we serve. We continue to experience top line revenue pressure however, pricing has stabilized and our business model continues to generate significant positive operating cash flow.
“As we enter Fiscal 2014, I am confident that the programs we are putting in place will allow us to grow share in our existing markets while profitably expanding into new markets. Through execution of these programs, I expect Black Box to deliver organic revenue growth while continuing to generate significant operating cash flow in the new fiscal year.”

Key Stats (on next page)…

Revenue decreased 5.71% from $252.09 million in the previous quarter. EPS decreased 44.3% from $0.79 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 $0.54 and has not changed. For the current year, the average estimate is a profit of $2.53, which is the same with that ninety days ago.

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

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