Mine Safety Appliances Co. Earnings: Here’s Why Shares are Up Now

Mine Safety Appliances Co. (NYSE:MSA) delivered a profit 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. Shares are up 0.57%.

Mine Safety Appliances Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1.96% to $0.52 in the quarter versus EPS of $0.46 in the year-earlier quarter.

Revenue: Decreased 2.65% to $296.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mine Safety Appliances Co. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.55. It beat the average revenue estimate of $295.03 million.

Quoting Management: “As these results demonstrate, we continue to gain solid traction from our long-term strategy, a key focus of which is generating growth from core product sales in established and emerging markets,” said William M. Lambert, MSA president and CEO.

Key Stats (on next page)…

Revenue increased 3.47% from $286.74 million in the previous quarter. EPS increased 1.96% from $0.51 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 profit of $0.6 and has not changed. For the current year, the average estimate is a profit of $2.31, 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)