Team Inc. Earnings: Everything You Must Know Now
Team Inc. (NASDAQ:TISI) had a loss 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. Shares are down 0%.
Team Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.01 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Rose 10.61% to $151 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Team Inc. reported adjusted EPS loss of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.03. It missed the average revenue estimate of $152.3 million.
Quoting Management: “In spite of the disappointing results for our third quarter announced on March 14, 2013, we remain on a pace for another record year in fiscal year 2013,” said Phil Hawk, Team’s Chairman and Chief Executive Officer. “While revenues declined in Canada and Europe for the reasons discussed in our pre-announcement conference call, we still achieved overall revenue growth of nearly 11% in the quarter. We remain confident in our business outlook and the overall strength of our end markets,” said Hawk.
Key Stats (on next page)…
Revenue decreased 24.74% from $200.65 million in the previous quarter. EPS decreased to $-0.01 in the quarter versus EPS of $0.66 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 $0.78 to a profit $0.76. For the current year, the average estimate has moved down from a profit of $1.96 to a profit of $1.81 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)