Cubic Earnings: Here’s Why Investors Like These Results

Cubic Corporation (NYSE:CUB) 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 2.59%.

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Cubic Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.09% to $1.02 in the quarter versus EPS of $0.91 in the year-earlier quarter.

Revenue: Rose 6.84% to $364.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cubic Corporation reported adjusted EPS income of $1.02 per share. By that measure, the company beat the mean analyst estimate of $0.66. It beat the average revenue estimate of $334.81 million.

Quoting Management: “Overall we had a good quarter led by a strong performance in our transportation segment,” said William W. Boyle, Chief Executive Officer of Cubic Corporation. “Despite the unsettling DoD environment, we continue to win U.S. defense contracts and expand our transportation segment into new market areas. We remain encouraged for the remainder of the year due to our strong pipeline of international opportunities.”

Key Stats (on next page)…

Revenue increased 16.25% from $313.37 million in the previous quarter. EPS increased 117.02% from $0.47 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 $0.83 to a profit $0.73. For the current year, the average estimate has moved down from a profit of $3.09 to a profit of $2.61 over the last ninety days.

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

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