Visteon Earnings: Everything You Must Know Now

Visteon (NYSE:VC) 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.

Visteon Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 61.25% to $1.29 in the quarter versus EPS of $0.80 in the year-earlier quarter.

Revenue: Rose 11.75% to $1.89 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Visteon reported adjusted EPS income of $1.29 per share. By that measure, the company beat the mean analyst estimate of $1.06. It beat the average revenue estimate of $1.88 billion.

Quoting Management: “We had a very strong quarter and continue to benefit from the momentum of our value-creating strategic plan,” said Tim Leuliette, president and CEO. “I am pleased that key performance metrics of sales, gross margin and adjusted EBITDA improved year-over-year in all regions, including Europe, where the overall economy remains weak. We are raising full-year guidance in view of our positive performance and generally favorable business conditions in key markets.”

Key Stats (on next page)…

Revenue increased 1.94% from $1.86 billion in the previous quarter. EPS decreased 36.14% from $2.02 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 $0.85 to a profit $0.89. For the current year, the average estimate has moved up from a profit of $4.43 to a profit of $4.56 over the last ninety days.

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