Cameron International Earnings: Everything You Must Know Now

Cameron International Corporation (NYSE:CAM) 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.

Cameron International Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.76% to $0.79 in the quarter versus EPS of $0.74 in the year-earlier quarter.

Revenue: Rose 11.38% to $2.29 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cameron International Corporation reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.78. It missed the average revenue estimate of $2.35 billion.

Quoting Management: Cameron Chairman, President and Chief Executive Officer Jack B. Moore said that the year-over-year revenue increase was due to gains in the DPS business segment. Moore commented, “Our drilling, surface and subsea systems businesses each reflected year-over-year revenue improvements due to our record backlog position.”

Key Stats (on next page)…

Revenue increased 8.01% from $2.12 billion in the previous quarter. EPS increased 12.86% from $0.70 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 $1.04 to a profit $1.01. For the current year, the average estimate has moved down from a profit of $3.79 to a profit of $3.68 over the last ninety days.

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