Monsanto Co. Earnings: Here’s Why Investors are Bidding Up Shares
Monsanto Co. (NYSE:MON) 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. Shares are up 2.47%.
Earnings send some stocks higher and others lower. Discover which stocks are winning now.
Monsanto Co. Earnings Cheat Sheet
Results: Net income increased to $339 million (63 cents per diluted share) in the quarter versus a net gain of $126 million in the year-earlier quarter.
Revenue: Increased to $2.939 billion from $2.439 billion in the year-earlier quarter.
Actual vs. Wall St. Expectations: Monsanto Co. reported adjusted net income of 63 cents per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $2.64 billion.
Outlook: The company raised its full year ongoing EPS guidance to $4.30 to $4.40 per share, positioning the company for a third straight year of strong ongoing earnings growth. Full-year 2013 EPS guidance on an as-reported basis is expected in the range of $4.31 to $4.41 per share.
Revenue increased 40.13% from $2.1 billion in the previous quarter. Net income increased to $339 million in the quarter versus a net loss of $229 million 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 $2.57 to a profit $2.6. For the current year, the average estimate has moved up from a profit of $4.39 to a profit of $4.43 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.)
Don’t Miss These Additional Hot Stories: