ManTech International Corporation (NASDAQ:MANT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
ManTech International Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 21.74% to $0.54 in the quarter versus EPS of $0.69 in the year-earlier quarter.
Revenue: Decreased 4.51% to $646 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ManTech International Corporation reported adjusted EPS income of $0.54 per share. By that measure, the company missed the mean analyst estimate of $0.58. It missed the average revenue estimate of $646.08 million.
Quoting Management: “As expected, we have experienced relatively minor impacts from sequestration, and our performance in the quarter was essentially on plan, driven by robust growth in our intelligence and cyber business,” said ManTech Chairman and Chief Executive Officer George J. Pedersen. “Our strong collections enabled us to build our cash position to $172 million, which we will use to grow the company.”
Key Stats (on next page)…
Revenue increased 3.89% from $621.82 million in the previous quarter. EPS decreased 1.82% from $0.55 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 $0.64 to a profit $0.56. For the current year, the average estimate has moved down from a profit of $2.55 to a profit of $2.27 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)