PMFG, Inc. (NASDAQ:PMFG) 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.
PMFG, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 50% to $0.03 in the quarter versus EPS of $0.06 in the year-earlier quarter.
Revenue: Decreased 1.41% to $35 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PMFG, Inc. reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $0.02. It missed the average revenue estimate of $35.07 million.
Quoting Management: Peter Burlage, President and Chief Executive Officer, said, “Although the environment remains challenging, we are seeing better momentum as indicated by the improved net bookings in the quarter. The Environmental segment bookings in the third quarter of $8.7 million exceeded the aggregate bookings in that segment for the first six months of this fiscal year. We remain confident that our position as a leader in key energy technology sectors including the natural gas value-chain, power generation and environmental systems will drive sustainable, long-term growth.”
Key Stats (on next page)…
Revenue increased 11.29% from $31.45 million in the previous quarter. EPS increased 50% from $0.02 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 $0.05 to a profit $0.03. For the current year, the average estimate has moved down from a profit of $0.13 to a profit of $0.09 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)