DuPont Earnings: Here’s Why the Stock is Up Now

EI DuPont de Nemours & Co. (NYSE:DD) 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 0.2%.

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EI DuPont de Nemours & Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.31% to $1.56 in the quarter versus EPS of $1.51 in the year-earlier quarter.

Revenue: Decreased 7.53% to $10.41 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: EI DuPont de Nemours & Co. reported adjusted EPS income of $1.56 per share. By that measure, the company beat the mean analyst estimate of $1.52. It missed the average revenue estimate of $10.41 billion.

Quoting Management: “The first quarter finished as expected, with the strong Agriculture performance and Performance Chemicals’ decline from peak levels last year,” said DuPont Chair and CEO Ellen Kullman. “Our strategies for growth and improved return on capital are working as we continue to focus on delivering science-powered innovation and industry-leading productivity improvement. We remain committed to delivering value to our shareholders as demonstrated by executing our share buyback, strengthening our balance sheet and increasing our dividend.”

Key Stats (on next page)…

Revenue increased 37.45% from $7.57 billion in the previous quarter. EPS increased 1318.18% from $0.11 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 $1.41 to a profit $1.40. For the current year, the average estimate has moved up from a profit of $3.88 to a profit of $3.89 over the last ninety days.

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