Resolute Forest Products Earnings: Everything You Must Know Now

Resolute Forest Products (NYSE:RFP) 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.

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Resolute Forest Products Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 328.57% to $0.30 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Rose 1.9% to $1.07 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Resolute Forest Products reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.16. It missed the average revenue estimate of $1.11 billion.

Quoting Management: “Our efforts to restructure mills and machines during the last two years will lower our manufacturing costs, which will help to mitigate the challenges facing the North American forest products industry,” said Richard Garneau , president and chief executive officer.

Key Stats (on next page)…

Revenue decreased 4.79% from $1.13 billion in the previous quarter. EPS decreased 14.29% from $0.35 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 $0.17 to a profit $0.26. For the current year, the average estimate has moved up from a profit of $0.74 to a profit of $0.81 over the last ninety days.

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