CIRCOR International Earnings: Here’s Why Shares are Up Now

CIRCOR International, Inc. (NYSE:CIR) 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 1.53%.

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CIRCOR International, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.12% to $0.52 in the quarter versus EPS of $0.49 in the year-earlier quarter.

Revenue: Decreased 4.14% to $205.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CIRCOR International, Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.51. It beat the average revenue estimate of $204.22 million.

Quoting Management: “CIRCOR began the year achieving both revenue and adjusted EPS at the high end of our Q1 guidance ranges,” said Scott Buckhout, CIRCOR’s President and Chief Executive Officer. “Our focus on improving operating results and expanding margins led to a 6% year-over-year increase in adjusted EPS and a 70 basis point improvement in adjusted operating margins.”

Key Stats (on next page)…

Revenue increased 1.88% from $201.61 million in the previous quarter. EPS decreased 24.64% from $0.69 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 $0.72 to a profit $0.66. For the current year, the average estimate has moved down from a profit of $2.85 to a profit of $2.73 over the last ninety days.

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