Orbitz Worldwide Earnings: Here’s Why Investors are Buying Shares Now
Orbitz Worldwide, Inc. (NYSE:OWW) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 11%.
Orbitz Worldwide, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.06 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Rose 7.08% to $189.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Orbitz Worldwide, Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.07. It beat the average revenue estimate of $184.87 million.
Quoting Management: There was no comment from management in the report.
Key Stats (on next page)…
Revenue decreased 4.34% from $198.3 million in the previous quarter. EPS decreased 57.14% from $0.14 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 $0.01 to a loss of $0.03. For the current year, the average estimate is a profit of $0.19, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)