Coleman Cable Earnings: Everything You Must Know Now

Coleman Cable, Inc. (NASDAQ:CCIX) 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.

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Coleman Cable, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 54.17% to $0.37 in the quarter versus EPS of $0.24 in the year-earlier quarter.

Revenue: Decreased 8.11% to $202.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Coleman Cable, Inc. reported adjusted EPS income of $0.37 per share. By that measure, the company beat the mean analyst estimate of $0.30. It missed the average revenue estimate of $221.57 million.

Quoting Management: President and CEO Gary Yetman stated, “We have enjoyed a strong start to 2013 with record first quarter Adjusted EBITDA of $22.1 million and Adjusted EPS growth of over 54 percent. Contributing to our results was stronger gross profit performance across all three segments. Our efforts in recent years to diversify our business and enhance our operating platform continue to benefit our business.”

Key Stats (on next page)…

Revenue decreased 13.26% from $233.56 million in the previous quarter. EPS decreased 7.5% from $0.40 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 $0.48 to a profit $0.39. For the current year, the average estimate has moved down from a profit of $1.54 to a profit of $1.53 over the last ninety days.

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