Jarden Earnings: Here’s Why the Stock is Rising Now

Jarden Corp. (NYSE:JAH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.3%.

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Jarden Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 3.23% to $0.30 in the quarter versus EPS of $0.31 in the year-earlier quarter.

Revenue: Rose 5.7% to $1.58 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Jarden Corp. reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $1.56 billion.

Quoting Management: James E. Lillie, Chief Executive Officer, commented, “It is gratifying that our strategies and disciplined execution continue to yield results consistent with our long term financial goals. Having spent much of the first quarter visiting our domestic and international businesses, I remain confident that our management teams are fully aligned with our corporate focus on growth, innovation, margin and working capital improvements, while investing in processes, people and products to help ensure our long-term success. Commodity cost increases continue to be relatively benign compared to the last several years, and we believe we can deliver an overall organic top-line sales increase of 3-5% for calendar 2013, while also driving year-over-year operating margin expansion.”

Key Stats (on next page)…

Revenue decreased 13.11% from $1.82 billion in the previous quarter. EPS decreased 64.71% from $0.85 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 $0.84 to a profit $0.88. For the current year, the average estimate has moved up from a profit of $3.14 to a profit of $3.25 over the last ninety days.

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