HB Fuller Co. (NYSE:FUL) 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. Shares are down 0%.
HB Fuller Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.36% to $0.49 in the quarter versus EPS of $0.44 in the year-earlier quarter.
Revenue: Rose 27.87% to $479.84 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: HB Fuller Co. reported adjusted EPS income of $0.49 per share. By that measure, the company missed the mean analyst estimate of $0.5. It beat the average revenue estimate of $472.92 million.
Quoting Management: “We are off to a solid start to a very important year for H.B. Fuller,” said Jim Owens, H.B. Fuller president and chief executive officer. “We grew our business in the quarter and achieved our plans for operating profit despite a lackluster economic environment in most parts of the world. Our business integration project remains on track to deliver the committed benefits on time and on budget. Our guidance remains unchanged for the fiscal year and we are on target to deliver another successful year in 2013.”
Key Stats (on next page)…
Revenue decreased 6.51% from $513.26 million in the previous quarter. EPS decreased 23.44% from $0.64 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 $0.73 to a profit $0.72. For the current year, the average estimate has moved up from a profit of $2.6 to a profit of $2.63 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)