Spartan Motors Earnings: Here’s Why the Stock is Rising Now
Spartan Motors Inc. (NASDAQ:SPAR) 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. Shares are up 1.49%.
Spartan Motors Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 75% to $0.02 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 5.66% to $120.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Spartan Motors Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.02. It beat the average revenue estimate of $118.13 million.
Key Stats (on next page)…
Revenue increased 25.75% from $96.14 million in the previous quarter. EPS increased to $0.02 in the quarter versus EPS of $-0.04 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 $0.1 to a profit $0.13. For the current year, the average estimate has moved down from a profit of $0.2 to a profit of $0.15 over the last ninety days.