Mistras Group Earnings: Everything You Must Know Now

Mistras Group, Inc. (NYSE:MG) 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.

Mistras Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 36% to $0.16 in the quarter versus EPS of $0.25 in the year-earlier quarter.

Revenue: Rose 13.7% to $144.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mistras Group, Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $144.19 million.

Quoting Management: Sotirios Vahaviolos, Mistras Chairman and Chief Executive Officer stated “The difficult economic environments in Europe and Brazil, as well as a tight market in the U.S. resulted in a disappointing finish for fiscal 2013. However, despite the weaker fourth quarter, we still had good profitable results for the year. We are encouraged by the 6% organic growth of our Services business under an adverse competitive U.S. marketplace in fiscal 2013, which, combined with the award of new evergreen contracts in Europe, positions us for a good start and strong finish for fiscal 2014.”

Key Stats (on next page)…

Revenue increased 8.11% from $133.66 million in the previous quarter. EPS increased 128.57% from $0.07 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 $0.16 to a profit $0.10. For the current year, the average estimate has moved down from a profit of $0.82 to a profit of $0.66 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)