PolyOne Earnings: Here’s Why Shares are Up Now

PolyOne Corporation (NYSE:POL) 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. Shares are up 0.39%.

PolyOne Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $0.37 in the quarter as EPS of $0.37 in the year-earlier quarter.

Revenue: Rose 31.01% to $1.04 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: PolyOne Corporation reported adjusted EPS income of $0.37 per share. By that measure, the company beat the mean analyst estimate of $0.35. It beat the average revenue estimate of $1.02 billion.

Quoting Management: “I am pleased to report another outstanding quarter for PolyOne as we not only delivered strong earnings growth but also completed the divestiture of our non-core resin business for a pre-tax gain of $224 million,” said Stephen D. Newlin, Chairman, President, and Chief Executive Officer. “While each of our three strategic platforms improved operating income year over year, our specialty platform was once again our engine for growth.”

Key Stats (on next page)…

Revenue increased 29.52% from $801.1 million in the previous quarter. EPS increased 19.35% from $0.31 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 $0.34 to a profit $0.33. For the current year, the average estimate is a profit of $1.21, 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)