Copart, Inc. (NASDAQ:CPRT) 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.
Copart, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 11.11% to $0.32 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 16.39% to $263.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Copart, Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company missed the mean analyst estimate of $0.41. It missed the average revenue estimate of $268.32 million.
Key Stats (on next page)…
Revenue decreased 5.02% from $277.64 million in the previous quarter. EPS were the same at $0.32 as 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 $0.42 and has not changed. For the current year, the average estimate has moved down from a profit of $1.78 to a profit of $1.77 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)