Engility Holdings Earnings: Everything You Must Know Now

Engility Holdings Inc(NYSE:EGL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Engility Holdings Inc Earnings Cheat Sheet


Revenue: Decreased 0% to $377.33 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Engility Holdings Inc reported adjusted EPS income of $0.74 per share. By that measure, the company missed the mean analyst estimate of $0.79. It beat the average revenue estimate of $366.41 million.

Quoting Management: “I am pleased with our second quarter results as we continued to execute effectively against our strategic plan. During the quarter, we won several additional contract vehicles, achieved sequential revenue growth and delivered strong bottom-line results,” said Tony Smeraglinolo, President and CEO of Engility. “We also are expecting to realize increased cash flow beginning in the second half of 2013 from the implementation of our recent cash collection initiatives, as well as from the reduction in required principal payments and lower borrowing costs that we secured in our new credit facility.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS decreased 6.33% from $0.79 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 $0.86 to a profit $0.8. For the current year, the average estimate has moved down from a profit of $3.29 to a profit of $3.19 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)