Measurement Specialties Earnings: Here’s Why the Stock is Rising Now

Measurement Specialties Inc. (NASDAQ:MEAS) 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 down 0.66%.

Measurement Specialties Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.77% to $0.55 in the quarter versus EPS of $0.53 in the year-earlier quarter.

Revenue: Rose 13.42% to $100.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Measurement Specialties Inc. reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $0.52. It beat the average revenue estimate of $98 million.

Quoting Management: Frank Guidone, Company CEO, commented, “We are pleased with our first quarter financial results. Breaking the $100 million mark in quarterly sales is a significant milestone for the Company. Equally important is our continued strength in bookings. We booked $102.8 million in the quarter, resulting in a three-month book-to-bill of 1.02. Additionally, we had solid earnings performance during the quarter and delivered strong Adjusted EBITDA of $19.1 million. We expect second quarter sales to be similar to the first quarter based on current bookings trends and we maintain our fiscal 2014 sales guidance of $400 million to $405 million.”

Key Stats (on next page)…

Revenue increased 12.97% from $88.96 million in the previous quarter. EPS increased 3.77% from $0.53 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 $0.55 to a profit $0.56. For the current year, the average estimate has moved up from a profit of $2.23 to a profit of $2.3 over the last ninety days.

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