Eagle Materials Inc. (NYSE:EXP) 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.
Eagle Materials Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 93.55% to $0.60 in the quarter versus EPS of $0.31 in the year-earlier quarter.
Revenue: Rose 47.39% to $227.04 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Eagle Materials Inc. reported adjusted EPS income of $0.60 per share. By that measure, the company missed the mean analyst estimate of $0.63. It missed the average revenue estimate of $246.76 million.
Key Stats (on next page)…
Revenue increased 42.68% from $159.12 million in the previous quarter. EPS increased 42.86% from $0.42 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 $0.82 to a profit $0.83. For the current year, the average estimate has moved up from a profit of $2.86 to a profit of $2.91 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)