Rogers Earnings: Here’s Why Investors Like These Results

Rogers Corporation (NYSE:ROG) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.22%.

Rogers Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.77% to $0.53 in the quarter versus EPS of $0.47 in the year-earlier quarter.

Revenue: Rose 4.6% to $132.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rogers Corporation reported adjusted EPS income of $0.53 per share. By that measure, the company missed the mean analyst estimate of $0.54. It beat the average revenue estimate of $132.45 million.

Quoting Management: Bruce D. Hoechner, President and CEO commented: “For the second quarter of 2013, we delivered solid revenue and margin improvements with strong growth in Printed Circuit Materials and a rebound in Power Electronics Solutions. Looking ahead, we expect increased global capital expenditures and infrastructure investment, including the ramping up of the 4G telecom build-out, to help drive growth across our businesses. In addition, we believe that our High Performance Foams business will benefit from the positive spending trends in the industrial and consumer sectors, as well as from the expected seasonal third quarter demand increase for mobile electronics. For the third quarter of 2013, we forecast net sales between $138 to $142 million and income from continuing operations between $0.66 to $0.76 per diluted share, which includes special charges projected to be $0.01 per diluted share.”

Key Stats (on next page)…

Revenue increased 5.18% from $125.98 million in the previous quarter. EPS increased 20.45% from $0.44 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 $0.70 to a profit $0.68. For the current year, the average estimate has moved down from a profit of $2.45 to a profit of $2.33 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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