Rogers Earnings: Everything You Must Know Now

Rogers Corporation (NYSE:ROG) delivered a profit and missed Wall Street’s expectations, AND 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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Rogers Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 69.23% to $0.44 in the quarter versus EPS of $0.26 in the year-earlier quarter.

Revenue: Rose 3.81% to $126 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rogers Corporation reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.49. It missed the average revenue estimate of $128 million.

Quoting Management: Bruce D. Hoechner, President and CEO commented: “For the first quarter of 2013, we delivered solid revenue and margin improvements and saw promising signs of recovery across most of our markets compared to the first quarter of 2012. In Printed Circuit Materials, we profited from strong demand for our advanced circuit materials in 4G internet infrastructure and automotive sensor applications. Our High Performance Foams business generated record first quarter sales buoyed by general industrial applications and impact protection segments. In Power Electronics, we delivered growth in Power Distribution Systems and saw an increase in demand across many of the markets we serve. We expect market conditions to improve for the balance of 2013. For the second quarter of 2013, we forecast net sales between $129 to $134 million and non-GAAP income from continuing operations of between $0.47 and $0.58 per diluted share, which excludes special charges.”

Key Stats (on next page)…

Revenue increased 4.59% from $120.47 million in the previous quarter. EPS decreased 24.14% from $0.58 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 down from a profit of $2.81 to a profit of $2.62 over the last ninety days.

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

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