USG Corp. (NYSE:USG) 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 down 0.04%.
USG Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.02 in the quarter versus EPS of $-0.24 in the year-earlier quarter.
Revenue: Rose 0.25% to $814 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: USG Corp. reported adjusted EPS income of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.1. It missed the average revenue estimate of $864.23 million.
Quoting Management: “We are pleased to report our first quarter of net income in more than five years,” said James S. Metcalf, Chairman, President and CEO. “All segments showed improved results in the period, and our commitment to innovation and lowering our break-even are evident in our results.”
Key Stats (on next page)…
Revenue decreased 0.12% from $815 million in the previous quarter. EPS increased to $0.02 in the quarter versus EPS of $-0.46 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.15 to a profit $0.2. For the current year, the average estimate has moved up from a profit of $0.51 to a profit of $0.65 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)