WABCO Holdings Earnings: Here’s Why the Stock is Rising Now

WABCO Holdings Inc. (NYSE:WBC) 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 up 5.88%.

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WABCO Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 0% to $1.17 in the quarter versus EPS of $1.17 in the year-earlier quarter.

Revenue: Decreased 1.92% to $644.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: WABCO Holdings Inc. reported adjusted EPS income of $1.17 per share. By that measure, the company beat the mean analyst estimate of $1.07. It beat the average revenue estimate of $625.42 million.

Quoting Management: “WABCO opens 2013 with a solid first quarter performance. Against the backdrop of a further 10 percent decline in global commercial vehicle production, WABCO’s revenues dipped by only 0.7 percent, helped by a new quarterly record of $171 million in aftermarket revenues. This result reflects WABCO’s ongoing ability to outperform its markets,” said Jacques Esculier, WABCO Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 8.06% from $596.6 million in the previous quarter. EPS increased 8.33% from $1.08 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 $1.2 to a profit $1.16. For the current year, the average estimate has moved down from a profit of $4.82 to a profit of $4.71 over the last ninety days.

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