Core Laboratories Earnings: Everything You Must Know Now
Core Laboratories NV (NYSE:CLB) delivered a profit and met 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.
Core Laboratories NV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.79% to $1.32 in the quarter versus EPS of $1.16 in the year-earlier quarter.
Revenue: Rose 6.53% to $263.14 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Core Laboratories NV reported adjusted EPS income of $1.32 per share. By that measure, the company met the mean analyst estimate of $1.32. It missed the average revenue estimate of $267.18 million.
Key Stats (on next page)…
Revenue increased 0.85% from $260.93 million in the previous quarter. EPS increased 8.2% from $1.22 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.33 to a profit $1.34. For the current year, the average estimate has moved up from a profit of $5.16 to a profit of $5.25 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)