Dana Holding Corporation (NYSE:DAN) 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. Shares are up 1.69%.
Dana Holding Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.57% to $0.54 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Decreased 7.64% to $1.8 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dana Holding Corporation reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.51. It missed the average revenue estimate of $1.83 billion.
Quoting Management: “I am pleased with Dana’s second-quarter performance. We continue to focus on disciplined cost and investment actions to generate positive cash flow and improve margin performance in each of our four business segments,” said company President and Chief Executive Officer Roger J. Wood. “Looking forward, political and economic uncertainties in a number of countries are putting pressure on volumes in some of our key markets. Yet I am confident in our ability to continue to remain flexible and execute on the levers within our control that are necessary to adjust our cost structure and respond quickly to changing market conditions.”
Key Stats (on next page)…
Revenue increased 7.4% from $1.68 billion in the previous quarter. EPS increased 92.86% from $0.28 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 $0.51 to a profit $0.53. For the current year, the average estimate has moved up from a profit of $1.84 to a profit of $1.85 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)