Mettler-Toledo International, Inc. (NYSE:MTD) 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.
Mettler-Toledo International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2.08% to $2.35 in the quarter versus EPS of $2.40 in the year-earlier quarter.
Revenue: Rose 1.48% to $578.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mettler-Toledo International, Inc. reported adjusted EPS income of $2.35 per share. By that measure, the company missed the mean analyst estimate of $2.62. It missed the average revenue estimate of $595.87 million.
Quoting Management: Olivier Filliol, President and Chief Executive Officer, stated, “Market conditions remain challenging, particularly in China. However, with the continued strong execution in our various margin improvement and cost control initiatives, we generated good growth in EPS.”
Key Stats (on next page)…
Revenue increased 10.37% from $524.35 million in the previous quarter. EPS increased 0% from $2.35 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 $3.76 to a profit $3.78. For the current year, the average estimate is a profit of $10.54, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)