Black Diamond Earnings: Everything You Must Know Now

Black Diamond (NASDAQ:BDE) had a loss 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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Black Diamond Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.01 in the quarter versus EPS of $0.10 in the year-earlier quarter.

Revenue: Rose 9.87% to $51 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Black Diamond reported adjusted EPS loss of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.04. It missed the average revenue estimate of $55.51 million.

Quoting Management: “Black Diamond grew sales 10% to $51.0 million in the first quarter of 2013, which is in-line with our expectations for the first quarter of 2013,” said Peter Metcalf, president and CEO of Black Diamond. “This double-digit sales growth is in spite of a colder, snowier late winter that delayed some higher margin spring and summer product sales, which we realized in the same quarter last year as the result of a much earlier start to the spring 2012 season. First quarter 2013 sales comparisons were also impacted by the anticipated transition of Gregory’s business in Japan from A&F, our former Japanese distributor, to our own distribution business. We expect the real benefit of this transition to begin in the second half of 2013 with significantly better comparable sales growth. In large part, we attribute our double-digit sales growth to the quality of Black Diamond’s strengthening global distribution platform, its variety and its seasonal diversity.”

Key Stats (on next page)…

Revenue increased 4.51% from $48.8 million in the previous quarter. EPS decreased to $-0.01 in the quarter versus EPS of $0.02 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 loss of $0.05 to a loss $0.07. For the current year, the average estimate has moved down from a profit of $0.16 to a profit of $0.05 over the last ninety days.

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