ESCO Technologies Earnings: Here’s Why the Stock is Rising Now
ESCO Technologies Inc. (NYSE:ESE) 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. Shares are up 1.72%.
ESCO Technologies Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 26.32% to $0.28 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Decreased 4.41% to $166.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ESCO Technologies Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company missed the mean analyst estimate of $0.34. It missed the average revenue estimate of $170.47 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 14.41% from $145.27 million in the previous quarter. EPS increased 460% from $0.05 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 $0.79 to a profit $0.77. For the current year, the average estimate has moved down from a profit of $2.38 to a profit of $2.08 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)