Chart Industries Earnings: Here’s Why Investors are Buying Shares Now

Chart Industries Inc. (NASDAQ:GTLS) 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. Shares are up 12.14%.

Chart Industries Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 35.09% to $0.77 in the quarter versus EPS of $0.57 in the year-earlier quarter.

Revenue: Rose 24.32% to $298.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Chart Industries Inc. reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $296.9 million.

Quoting Management: “We are delighted that a world-class company like Noble Energy has selected our plant solution. We share a commitment to delivering a cost-efficient, safe alternative to diesel and other distillate fuels” commented Mike Durkin, President of Chart E&C.

Key Stats (on next page)…

Revenue increased 9.01% from $273.65 million in the previous quarter. EPS increased 42.59% from $0.54 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.86 and has not changed. For the current year, the average estimate is a profit of $3.16, 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)