Metabolix Earnings: Everything You Must Know Now
Metabolix, Inc. (NASDAQ:MBLX) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Metabolix, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $-0.28 in the quarter as EPS of $-0.28 in the year-earlier quarter.
Revenue: Rose 218.18% to $1.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Metabolix, Inc. reported adjusted EPS loss of $0.28 per share. By that measure, the company missed the mean analyst estimate of $-0.26. It beat the average revenue estimate of $1.23 million.
Quoting Management: “We executed well on our strategy in the fourth quarter and achieved operational milestones in each of our business areas,” said Richard P. Eno, President and Chief Executive Officer. “In biopolymers, we grew product shipments in the fourth quarter through sales to repeat and new customers. We also launched our next-generation certified compostable film product, MveraTM B5008, and began shipping I6001, a biobased polymeric modifier for PVC. We also announced today that we have signed agreements with Tianjin GreenBio Materials, a leading PHA supplier located in China, under which we will distribute Tianjin’s heat shrink film in the U.S. and Europe, and they will supply Metabolix with PHA biopolymer resins.”
Key Stats (on next page)…
Revenue increased 108.96% from $670,000 in the previous quarter. EPS decreased to $-0.28 in the quarter versus EPS of $-0.23 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.21 and has not changed. For the current year, the average estimate is a profit of $0.13, which is the same with that ninety days ago.
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)