Navistar International Earnings: Everything You Must Know Now

Navistar International Corp. (NYSE:NAV) had a loss and missed Wall Street’s expectations, AND 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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Navistar International Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-4.39 in the quarter versus EPS of $-1.99 in the year-earlier quarter.

Revenue: Decreased 23.41% to $2.53 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Navistar International Corp. reported adjusted EPS loss of $4.39 per share. By that measure, the company missed the mean analyst estimate of $-1.13. It missed the average revenue estimate of $2.88 billion.

Quoting Management: “We are not satisfied with our overall financial results this quarter, but we are pleased with the continued progress we made in a number of areas on our turnaround plan,” said Troy A. Clarke, Navistar president and chief executive officer. “We still face some significant, yet solvable challenges, primarily in the areas of higher pre-existing warranty costs for our earlier EPA 2010 emissions level engines, as well as in rebuilding sales and restoring market share. However, we are already implementing the right leadership and business process changes to effectively address these priority issues.”

Key Stats (on next page)…

Revenue decreased 4.21% from $2.64 billion in the previous quarter. EPS decreased to $-4.39 in the quarter versus EPS of $-1.42 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 loss of $0.42 to a loss $0.41. For the current year, the average estimate has moved up from a loss of $2.90 to a loss of $2.63 over the last ninety days.

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

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