Cardtronics Earnings: Here’s Why Shares are Up Now

Cardtronics Inc. (NASDAQ:CATM) 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 0.02%.

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Cardtronics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 5.26% to $0.4 in the quarter versus EPS of $0.38 in the year-earlier quarter.

Revenue: Rose 3.49% to $197.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cardtronics Inc. reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.38. It missed the average revenue estimate of $200.75 million.

Quoting Management: “We enjoyed our seventeenth consecutive quarter of year-over-year growth in adjusted net income per share as we continued to effectively manage costs through our industry-leading operations and significant scale,” commented Steve Rathgaber, chief executive officer. “To continue this impressive track record of earnings growth throughout 2013 and beyond, we continue to make investments in our network and products, and the acquisition of i-design during the first quarter is a great example of our continued dedication to grow our product offering and enhance the value we provide to our premier retail and financial customer bases.”

Key Stats (on next page)…

Revenue decreased 0.33% from $198.36 million in the previous quarter. EPS decreased 2.44% from $0.41 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 $0.43 to a profit $0.42. For the current year, the average estimate has moved down from a profit of $1.79 to a profit of $1.76 over the last ninety days.

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