Cantel Medical Corp. (NYSE:CMN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Cantel Medical Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 19.05% to $0.25 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 15.41% to $113.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cantel Medical Corp. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $105.75 million.
Quoting Management: Andrew Krakauer, Cantel’s President and CEO, stated, “We are pleased to have delivered record sales and earnings this quarter. We achieved good financial performance growth in our three major business segments — Endoscopy, Water Purification and Filtration, and Healthcare Disposables. All three business units have greatly benefited from further investments in new product development, sales and marketing programs and the integration of recent acquisitions for this quarter and for the full year. Most importantly this quarter, we had strong organic sales growth of 10% with a total sales increase of over 15%.”
Key Stats (on next page)…
Revenue increased 8.47% from $105.01 million in the previous quarter. EPS increased 13.64% from $0.22 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 $0.25 to a profit $0.24. For the current year, the average estimate is a profit of $0.93, which is the same with that ninety days ago.
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)