Tenneco Earnings: Everything You Must Know Now

Tenneco Inc. (NYSE:TEN) 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.

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Tenneco Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 3.03% to $0.64 in the quarter versus EPS of $0.66 in the year-earlier quarter.

Revenue: Decreased 0.47% to $1.9 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tenneco Inc. reported adjusted EPS income of $0.64 per share. By that measure, the company missed the mean analyst estimate of $0.65. It beat the average revenue estimate of $1.86 billion.

Quoting Management: “I am pleased with how our Clean Air and Ride Performance divisions are executing in what continues to be a mixed global industry environment,” said Gregg Sherrill, chairman and CEO, Tenneco. “As anticipated, our total revenue was down slightly year-over-year yet we still delivered record earnings. Importantly, with these lower revenues, adjusted EBIT margin was even with last year, driven by margin improvement in the Clean Air business.”

Key Stats (on next page)…

Revenue increased 8.56% from $1.75 billion in the previous quarter. EPS decreased 3.03% from $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 $1.17 to a profit $1.10. For the current year, the average estimate has moved down from a profit of $3.77 to a profit of $3.59 over the last ninety days.

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