Brinks Co. Earnings: Here’s Why Investors are Selling Shares Now

Brinks Co. (NYSE:BCO) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.63%.

Brinks Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 32.5% to $0.27 in the quarter versus EPS of $0.40 in the year-earlier quarter.

Revenue: Rose 2.47% to $991 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Brinks Co. reported adjusted EPS income of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.41. It beat the average revenue estimate of $975.65 million.

Quoting Management: Tom Schievelbein, chairman, president and chief executive officer, said: “Second-quarter results were in line with our full-year expectations as profit growth from international operations, driven primarily by Latin America, was offset by ongoing weakness in North America. We expect continued improvement in international operations to enable us to achieve a full-year non-GAAP segment margin rate between 6% and 6.5% on organic revenue growth of 5% to 8%.”

Key Stats (on next page)…

Revenue increased 1.39% from $977.4 million in the previous quarter. EPS decreased 22.86% from $0.35 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 $0.52 to a profit $0.51. For the current year, the average estimate has moved up from a profit of $1.84 to a profit of $1.87 over the last ninety days.

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