Warner Chilcott Earnings: Here’s Why the Stock is Up Now
Warner Chilcott plc (NASDAQ:WCRX) 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 0.35%.
Warner Chilcott plc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 10.68% to $0.92 in the quarter versus EPS of $1.03 in the year-earlier quarter.
Revenue: Decreased 3.92% to $613 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Warner Chilcott plc reported adjusted EPS income of $0.92 per share. By that measure, the company beat the mean analyst estimate of $0.85. It beat the average revenue estimate of $598.23 million.
Key Stats (on next page)…
Revenue increased 3.37% from $593 million in the previous quarter. EPS were the same at $0.92 as 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 $0.82 to a profit $0.80. For the current year, the average estimate has moved up from a profit of $3.30 to a profit of $3.35 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)