Regal Entertainment Group (NYSE:RGC) 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.
Regal Entertainment Group Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.36 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 16.45% to $842.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Regal Entertainment Group reported adjusted EPS income of $0.36 per share. By that measure, the company beat the mean analyst estimate of $0.32. It missed the average revenue estimate of $843.65 million.
Quoting Management: “We are pleased to report that a healthy second quarter box office environment combined with the successful integration of our recent acquisitions enabled us to achieve all-time quarterly records in admissions revenue, total revenues and Adjusted EBITDA,” stated Amy Miles, CEO of Regal Entertainment Group. “We are also encouraged by the early third quarter box office results and remain optimistic about the prospects for the remainder of the year.”
Key Stats (on next page)…
Revenue increased 31.04% from $642.8 million in the previous quarter. EPS increased 157.14% from $0.14 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 $0.27 to a profit $0.28. For the current year, the average estimate has moved up from a profit of $1.00 to a profit of $1.01 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)