Orbital Sciences Earnings: Here’s Why Investors are Excited Now

Orbital Sciences Corp. (NYSE:ORB) 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. Shares are up 1.83%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Orbital Sciences Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 50% to $0.33 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Decreased 0.96% to $334.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Orbital Sciences Corp. reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.23. It missed the average revenue estimate of $353.16 million.

Quoting Management: Mr. David W. Thompson, Orbital`s Chairman and Chief Executive Officer, said, “While our revenues did not increase in the first quarter, Orbital reported solid financial results that were driven by operating profit margin improvements in all three of our business segments. Earnings per share increased 50% in the quarter, reflecting these improved operating margins as well as lower interest expense resulting from our recent long-term debt restructuring.”

Key Stats (on next page)…

Revenue decreased 5.58% from $354.59 million in the previous quarter. EPS increased 13.79% from $0.29 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 $0.31 to a profit $0.26. For the current year, the average estimate has moved down from a profit of $1.11 to a profit of $1.06 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)