Quality Distribution Inc. (NASDAQ:QLTY) delivered a profit and met 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.
Quality Distribution Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 17.65% to $0.14 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 19.53% to $229.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quality Distribution Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.14. It beat the average revenue estimate of $226.58 million.
Quoting Management: “Our first quarter results were in line with the expectations we shared during our fourth quarter conference call,” stated Gary Enzor, Chief Executive Officer. “As we anticipated, our Chemical Logistics and Intermodal businesses posted results that were sequentially better than the fourth quarter, reflecting solid trends in both businesses. While our Energy Logistics business generated slightly better revenues than we expected, its margins were pressured due to adverse product mix issues, as well as excess idle asset costs and equipment repositioning expenses. We are aggressively addressing each of these issues while we further develop and implement our actions plans to improve Energy’s results. Our leadership team remains optimistic about 2013 as we intensely focus on improving overall operating results, controlling our capital spending and delivering on our goal to generate strong earnings and returns for our shareholders.”
Key Stats (on next page)…
Revenue increased 6.5% from $215.39 million in the previous quarter. EPS increased 27.27% from $0.11 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 $0.26 to a profit $0.24. For the current year, the average estimate has moved down from a profit of $0.87 to a profit of $0.81 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)