Cameron International Earnings: Here’s Why the Stock is Down Now

Cameron International Corporation (NYSE:CAM) delivered a profit 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. Shares are down 0.03%.

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Cameron International Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 29.63% to $0.70 in the quarter versus EPS of $0.54 in the year-earlier quarter.

Revenue: Rose 17.37% to $2.12 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cameron International Corporation reported adjusted EPS income of $0.70 per share. By that measure, the company missed the mean analyst estimate of $0.74. It missed the average revenue estimate of $2.17 billion.

Quoting Management: Chairman, President and Chief Executive Officer Jack B. Moore said that the year-over-year revenue increase was due to gains in all three of the Company’s major business segments. Further, Moore commented, “While we saw year-over-year revenue increases in our PCS segment, the weak activity in North America muted these increases substantially. However, our Surface business experienced an increase in North American revenues due to share expansion despite the weak activity levels.”

Key Stats (on next page)…

Revenue decreased 12.7% from $2.43 billion in the previous quarter. EPS decreased 26.32% from $0.95 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 $0.97 to a profit $0.90. For the current year, the average estimate has moved down from a profit of $4.04 to a profit of $3.87 over the last ninety days.

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