J&J Snack Foods Corp. (NASDAQ:JJSF) 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.
J&J Snack Foods Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.82% to $0.67 in the quarter versus EPS of $0.55 in the year-earlier quarter.
Revenue: Rose 6.2% to $201.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: J&J Snack Foods Corp. reported adjusted EPS income of $0.67 per share. By that measure, the company beat the mean analyst estimate of $0.63. It missed the average revenue estimate of $202.2 million.
Quoting Management: Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented, “We are pleased with our overall performance for our second quarter. Our food service group, with sharp increases in soft pretzel and churro sales, had a particularly strong quarter.”
Key Stats (on next page)…
Revenue increased 5.17% from $191.41 million in the previous quarter. EPS increased 24.07% from $0.54 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 $1.04 to a profit $1.11. For the current year, the average estimate has moved up from a profit of $3.14 to a profit of $3.37 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)