TMS International Corp. (NYSE:TMS) delivered a profit 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 up 1.93%.
TMS International Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 0% to $0.22 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Decreased 21.07% to $589.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TMS International Corp. reported adjusted EPS income of $0.22 per share. By that measure, the company missed the mean analyst estimate of $0.26. It missed the average revenue estimate of $643.73 million.
Quoting Management: Commenting on the first quarter results, Raymond Kalouche, President and Chief Executive Officer of TMS International Corp., said, “Our first quarter was consistent with our expectations given the challenging industry environment we continue to face. We are well positioned for future growth in our market and are confident in our ability to meet our outlook for the year.”
Key Stats (on next page)…
Revenue increased 9.83% from $536.83 million in the previous quarter. EPS increased 37.5% from $0.16 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.28 and has not changed. For the current year, the average estimate has moved down from a profit of $1.08 to a profit of $1.07 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)