Plum Creek Timber Co. Inc. (NYSE:PCL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Plum Creek Timber Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.27% to $0.28 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Rose 3.06% to $303 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Plum Creek Timber Co. Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $302.83 million.
Quoting Management: “Each of our business segments performed well during the second quarter,” said Rick Holley, chief executive officer. “We are experiencing fundamental demand improvement and better pricing; although, we remain in the very early stages of the housing recovery. As the industry adjusts to this change in the demand environment, regional markets we serve are recovering at different rates. This is when our unmatched, geographic diversity gives us tremendous operating flexibility. It allows us to act and capitalize on strong local markets, growing earnings and cash flow while maximizing the long-term value of our asset base.”
Key Stats (on next page)…
Revenue decreased 10.88% from $340 million in the previous quarter. EPS decreased 20% from $0.35 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 $0.38 to a profit $0.39. For the current year, the average estimate has moved down from a profit of $1.40 to a profit of $1.36 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)