Mettler-Toledo International, Inc. (NYSE:MTD) 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 0.06%.
Mettler-Toledo International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.84% to $1.84 in the quarter versus EPS of $1.66 in the year-earlier quarter.
Revenue: Decreased 2.06% to $524.35 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mettler-Toledo International, Inc. reported adjusted EPS income of $1.84 per share. By that measure, the company beat the mean analyst estimate of $1.8. It missed the average revenue estimate of $534.3 million.
Quoting Management: Olivier Filliol, President and Chief Executive Officer, stated, “Market conditions were challenging, particularly in Europe and Asia. However, I am pleased to report that we continue to have strong execution in our various margin improvement and cost control initiatives, resulting in good EPS growth.”
Key Stats (on next page)…
Revenue decreased 20.23% from $657.29 million in the previous quarter. EPS decreased 46.97% from $3.47 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 $2.36 to a profit $2.35. For the current year, the average estimate has moved up from a profit of $10.36 to a profit of $10.54 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)