Erickson Air-Crane Earnings: Here’s Why Investors are Buying Shares Now

Erickson Air-Crane (NASDAQ:EAC) had a loss 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. Shares are up 0.49%.

Erickson Air-Crane Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.20 in the quarter versus EPS of $0.14 in the year-earlier quarter.

Revenue: Rose 81.07% to $68.59 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Erickson Air-Crane reported adjusted EPS loss of $0.20 per share. By that measure, the company missed the mean analyst estimate of $0.22. It missed the average revenue estimate of $72.36 million.

Quoting Management: Udo Rieder, Chief Executive Officer of Erickson, commented, “We are very pleased with the strong financial results of the second quarter. We made tremendous operational and strategic progress in the quarter, across every aspect of our business. We are demonstrating our ability to deliver results to our customers, partners, and shareholders. We executed well across all dimensions: financially, operationally and strategically.”

Key Stats (on next page)…

Revenue increased 85.68% from $36.94 million in the previous quarter. EPS decreased to $-0.20 in the quarter versus EPS of $0.01 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 $1.42 to a profit $1.55. For the current year, the average estimate has moved up from a profit of $1.47 to a profit of $2.23 over the last ninety days.

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