Tenaris SA Earnings: Here’s Why Investors Like These Results
Tenaris SA (NYSE:TS) 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 1.26%.
Tenaris SA Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 55.13% to $0.35 in the quarter versus EPS of $0.78 in the year-earlier quarter.
Revenue: Rose 0.98% to $2.83 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tenaris SA reported adjusted EPS income of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.73. It beat the average revenue estimate of $2.72 billion.
Key Stats (on next page)…
Revenue increased 5.63% from $2.68 billion in the previous quarter. EPS decreased 51.39% from $0.72 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 $0.73 to a profit $0.72. For the current year, the average estimate has moved down from a profit of $3.05 to a profit of $2.94 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)