Calgon Carbon Earnings: Here’s Why Investors are Excited Now

Calgon Carbon Corporation (NYSE:CCC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.73%.

Calgon Carbon Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 26.32% to $0.24 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Decreased 5.39% to $140.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Calgon Carbon Corporation reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.21. It missed the average revenue estimate of $142.73 million.

Quoting Management: Randy Dearth, Calgon Carbon’s President and Chief Executive Officer, commented on the results, “We continue to make progress with our $30 million cost improvement initiative – both the pace at which we are realizing results, as well the magnitude of the reduction in costs and expenses. I am pleased with the results of our efforts to increase our income from operations. The comparison of quarter-over-quarter and year-over-year results clearly demonstrates our success.
“We will continue to aggressively implement our cost improvement program in advance of the expected step change in sales as compliance with mercury removal and ballast water disinfection regulations draws near.”

Key Stats (on next page)…

Revenue increased 3.97% from $135.04 million in the previous quarter. EPS increased 33.33% from $0.18 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 $0.23 and has not changed. For the current year, the average estimate has moved up from a profit of $0.84 to a profit of $0.86 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)

More Articles About:   , , ,  

More from The Cheat Sheet