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.

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MWI Veterinary Supply, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.42% to $1.19 in the quarter versus EPS of $1.04 in the year-earlier quarter.

Revenue: Rose 11.03% to $563.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: MWI Veterinary Supply, Inc. reported adjusted EPS income of $1.19 per share. By that measure, the company beat the mean analyst estimate of $1.17. It missed the average revenue estimate of $571.07 million.

Quoting Management: “Our results for the quarter were impressive in spite of some of the challenging economic conditions in the animal health industry,” said Jim Cleary, President and Chief Executive Officer. “Our revenue growth was strong and our gross profit as a percentage of total revenues exceeded our expectations. We are very pleased with the initial results from the diagnostic lines and are now the only distributor to carry all of these products. The success we had this quarter is due in large part to the tremendous efforts by our team members and the service they provide to our customers.”

Key Stats (on next page)…

Revenue decreased 1.7% from $572.85 million in the previous quarter. EPS decreased 9.85% from $1.32 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 $1.29 to a profit $1.27. For the current year, the average estimate has moved up from a profit of $4.77 to a profit of $4.86 over the last ninety days.

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