Orbitz Worldwide Earnings: Here’s Why Shares are Up Now
Orbitz Worldwide, Inc. (NYSE:OWW) had a loss 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 5.13%.
Orbitz Worldwide, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.1 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 6.91% to $202.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Orbitz Worldwide, Inc. reported adjusted EPS loss of $0.1 per share. By that measure, the company missed the mean analyst estimate of $-0.06. It beat the average revenue estimate of $198.09 million.
Quoting Management: There was no comment from the manangement.
Key Stats (on next page)…
Revenue increased 6.94% from $189.74 million in the previous quarter. EPS decreased to $-0.1 in the quarter versus EPS of $0.06 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 $0.09 and has not changed. For the current year, the average estimate has moved up from a profit of $0.24 to a profit of $0.28 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)