The Cooper Companies Earnings: Here’s Why the Stock is Up Now

The Cooper Companies Inc. (NYSE:COO) delivered a profit and beat Wall Street’s expectations, BUT 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 uo 2.67%.

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The Cooper Companies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 33.93% to $1.5 in the quarter versus EPS of $1.12 in the year-earlier quarter.

Revenue: Rose 11.45% to $384.04 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Cooper Companies Inc. reported adjusted EPS income of $1.5 per share. By that measure, the company beat the mean analyst estimate of $1.38. It missed the average revenue estimate of $389.14 million.

Quoting Management: Commenting on the results, Robert S. Weiss, Cooper’s president and chief executive officer said, “I am enthused by our performance as we continue executing on our long-range strategies that lead to gaining market share and improving our operating margin. Our silicone hydrogel family of lenses continues to show strong growth and we recently announced the launch of MyDay(NYSE:TM), our branded single-use silicone hydrogel lens, with a goal of continuing this momentum for many years to come.”

Key Stats (on next page)…

Revenue increased 1.11% from $379.84 million in the previous quarter. EPS increased 21.95% from $1.23 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 $1.68 to a profit $1.67. For the current year, the average estimate has moved up from a profit of $6.04 to a profit of $6.05 over the last ninety days.

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