Koppers Holdings Inc. (NYSE:KOP) 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.
Koppers Holdings Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 34.29% to $0.69 in the quarter versus EPS of $1.05 in the year-earlier quarter.
Revenue: Decreased 9.82% to $370.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Koppers Holdings Inc. reported adjusted EPS income of $0.69 per share. By that measure, the company beat the mean analyst estimate of $0.67. It missed the average revenue estimate of $382.67 million.
Quoting Management: Commenting on the results, Walter W. Turner, president and CEO of Koppers, said, “Our second quarter proved to be even more difficult than the first quarter as our European business continues to be challenged by distressed economic conditions and our North American business has been impacted by imports as a result of weak end-market demand in Europe. While I am disappointed with our results for the quarter, I am pleased with the performance from our global Railroad and Utility Products and Services business, which continues to enjoy strong results.”
Key Stats (on next page)…
Revenue increased 0.13% from $370.4 million in the previous quarter. EPS increased 27.78% from $0.54 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 $1.13 to a profit $0.9. For the current year, the average estimate has moved down from a profit of $3.48 to a profit of $2.81 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)