Columbus Mckinnon Corp. (NASDAQ:CMCO) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Columbus Mckinnon Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 13.95% to $0.37 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Decreased 9.38% to $144.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Columbus Mckinnon Corp. reported adjusted EPS income of $0.37 per share. By that measure, the company missed the mean analyst estimate of $0.38. It missed the average revenue estimate of $151.2 million.
Quoting Management: Timothy T. Tevens, President and Chief Executive Officer, commented, “We believe our focus on productivity and operational excellence is demonstrated in our financial performance for the quarter and year. As we grow our market share around the world and further penetrate emerging economies as well as improve our productivity, we expect to continue to strengthen our earnings power.”
Key Stats (on next page)…
Revenue decreased 5.63% from $153.23 million in the previous quarter. EPS decreased 24.49% from $0.49 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 $0.34 and has not changed. For the current year, the average estimate has moved down from a profit of $1.76 to a profit of $1.74 over the last ninety days.
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)