CF Industries Holdings, Inc. (NYSE:CF) 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.
CF Industries Holdings, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 0.5% to $6.03 in the quarter versus EPS of $6.06 in the year-earlier quarter.
Revenue: Decreased 12.51% to $1.34 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CF Industries Holdings, Inc. reported adjusted EPS income of $6.03 per share. By that measure, the company beat the mean analyst estimate of $6.02. It missed the average revenue estimate of $1.45 billion.
Quoting Management: “CF Industries had another quarter of strong results as our operations performed exceptionally well, enabling us to generate record first quarter net income and earnings per share,” said Stephen R. Wilson, chairman and chief executive officer, CF Industries Holdings, Inc. “Our ammonia plants operated at 100 percent of capacity during the quarter, allowing us to replenish nitrogen inventory for what we expect will turn out to be a very strong application season.”
Key Stats (on next page)…
Revenue decreased 9.78% from $1.48 billion in the previous quarter. EPS decreased 17.06% from $7.27 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 $8.31 to a profit $8.00. For the current year, the average estimate has moved down from a profit of $25.62 to a profit of $25.50 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)