Littelfuse Inc. (NASDAQ:LFUS) 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. Shares are up 1.27%.
Littelfuse Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.48% to $1.15 in the quarter versus EPS of $1.07 in the year-earlier quarter.
Revenue: Rose 6.8% to $187.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Littelfuse Inc. reported adjusted EPS income of $1.15 per share. By that measure, the company beat the mean analyst estimate of $1.13. It missed the average revenue estimate of $190.63 million.
Quoting Management: “Overall, we had a very solid quarter with no surprises,” said Gordon Hunter, Chief Executive Officer. “The electronics business ramped up as expected. The automotive business continues to benefit from recent acquisitions and global growth in car production as well as content increases for both circuit protection and sensors. The electrical business is being affected by the expected declines in the mining segment, but is still performing well in the solar and industrial markets.”
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased 21.05% from $0.95 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 $1.13 to a profit $1.17. For the current year, the average estimate has moved up from a profit of $4.15 to a profit of $4.29 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)