PriceSmart Earnings: Everything You Must Know Now

PriceSmart Inc. (NASDAQ:PSMT) 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. Shares are down 0%.

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PriceSmart Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 22.39% to $0.82 in the quarter versus EPS of $0.67 in the year-earlier quarter.

Revenue: Rose 10.47% to $607.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: PriceSmart Inc. reported adjusted EPS income of $0.82 per share. By that measure, the company beat the mean analyst estimate of $0.77. It missed the average revenue estimate of $609.67 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 13.47% from $535.29 million in the previous quarter. EPS increased 24.24% from $0.66 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 $0.66 to a profit $0.65. For the current year, the average estimate has moved up from a profit of $2.74 to a profit of $2.77 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)