MWI Veterinary Supply Earnings: Everything You Must Know Now

MWI Veterinary Supply, Inc. (NASDAQ:MWIV) 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.

MWI Veterinary Supply, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.78% to $1.32 in the quarter versus EPS of $1.15 in the year-earlier quarter.

Revenue: Rose 9.33% to $606.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: MWI Veterinary Supply, Inc. reported adjusted EPS income of $1.32 per share. By that measure, the company beat the mean analyst estimate of $1.25. It missed the average revenue estimate of $607.44 million.

Quoting Management: “Our results for the quarter continued to be strong,” said Jim Cleary, President and Chief Executive Officer. “Our revenue growth in the United States was double-digit. Both our gross margin and cash flow exceeded our expectations. We experienced very positive results from our value-added services, and our diagnostics rollout continued to generate great results and customer service.”

Key Stats (on next page)…

Revenue increased 7.69% from $563.11 million in the previous quarter. EPS increased 10.92% from $1.19 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 $1.11 and has not changed. For the current year, the average estimate has moved up from a profit of $4.86 to a profit of $4.87 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]