Tower International Commo Earnings: Here’s Why the Stock is Falling Now
Tower International, Inc. Commo (NYSE:TOWR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.39%.
Tower International, Inc. Commo Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 22.62% to $1.03 in the quarter versus EPS of $0.84 in the year-earlier quarter.
Revenue: Decreased 13.66% to $555.88 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tower International, Inc. Commo reported adjusted EPS income of $1.03 per share. By that measure, the company beat the mean analyst estimate of $0.6. It beat the average revenue estimate of $552.19 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 4.07% from $534.14 million in the previous quarter. EPS increased 221.88% from $0.32 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 $0.34 to a profit $0.29. For the current year, the average estimate has moved up from a profit of $1.28 to a profit of $1.67 over the last ninety days.