Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) 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.
Green Mountain Coffee Roasters Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 45.31% to $0.93 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 13.53% to $1 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Green Mountain Coffee Roasters Inc. reported adjusted EPS income of $0.93 per share. By that measure, the company beat the mean analyst estimate of $0.73. It missed the average revenue estimate of $1.02 billion.
Quoting Management: “Our fiscal second quarter results demonstrate the leverage inherent in our business model,” said Brian P. Kelley, GMCR’s President and CEO. “Specifically, strong sales of our single serve packs drove 14% revenue growth and 45% non-GAAP earnings per share growth in the quarter.”
Key Stats (on next page)…
Revenue decreased 24.96% from $1.34 billion in the previous quarter. EPS increased 22.37% from $0.76 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.65 and has not changed. For the current year, the average estimate has moved up from a profit of $2.78 to a profit of $2.84 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)