Papa John’s International Inc. (NASDAQ:PZZA) 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.
Papa John’s International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.74% to $0.84 in the quarter versus EPS of $0.69 in the year-earlier quarter.
Revenue: Rose 7.34% to $355.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Papa John’s International Inc. reported adjusted EPS income of $0.84 per share. By that measure, the company beat the mean analyst estimate of $0.81. It missed the average revenue estimate of $364.34 million.
Quoting Management: “We are pleased to maintain our momentum in the first quarter, with solid increases in EPS, global comp sales, and unit builds,” said Papa John’s founder, chairman and chief executive officer, John Schnatter. “We are excited about both the health of the pizza category and the strength of the Papa John’s brand as we continue to grow around the world.”
Key Stats (on next page)…
Revenue decreased 3.18% from $367.28 million in the previous quarter. EPS increased 33.33% from $0.63 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 profit of $0.68 to a profit $0.70. For the current year, the average estimate has moved down from a profit of $3.00 to a profit of $2.96 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)