TRW Automotive Holdings Corp. (NYSE:TRW) 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.
TRW Automotive Holdings Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.44% to $2.02 in the quarter versus EPS of $1.72 in the year-earlier quarter.
Revenue: Rose 6.49% to $4.51 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: TRW Automotive Holdings Corp. reported adjusted EPS income of $2.02 per share. By that measure, the company beat the mean analyst estimate of $1.71. It beat the average revenue estimate of $4.34 billion.
Quoting Management: “TRW’s solid second quarter results provides evidence the Company is on track and focused on achieving its key objectives for the year,” said John C. Plant, Chairman and Chief Executive Officer.
Key Stats (on next page)…
Revenue increased 7.14% from $4.21 billion in the previous quarter. EPS increased 33.77% from $1.51 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 $1.46 and has not changed. For the current year, the average estimate has moved up from a profit of $6.30 to a profit of $6.35 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)