Dun & Bradstreet Corp. (NYSE:DNB) 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.
Dun & Bradstreet Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 0.74% to $1.36 in the quarter versus EPS of $1.35 in the year-earlier quarter.
Revenue: Decreased 5.41% to $381 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dun & Bradstreet Corp. reported adjusted EPS income of $1.36 per share. By that measure, the company missed the mean analyst estimate of $1.37. It missed the average revenue estimate of $387.34 million.
Quoting Management: “Our first quarter results were in line with expectations and we remain confident in our guidance ranges for the year. Looking ahead, we expect our new products and analytics to create additional value for our customers and position the business for a stronger second half” said Sara Mathew, Chairman and Chief Executive Officer. “Early customer feedback on these new solutions is positive, and our team is focused on flawless execution to drive both customer and shareholder value.”
Key Stats (on next page)…
Revenue decreased 17.73% from $463.1 million in the previous quarter. EPS decreased 42.86% from $2.38 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 $1.68 to a profit $1.51. For the current year, the average estimate has moved down from a profit of $7.73 to a profit of $7.51 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)