Wesco Aircraft Holdings Earnings: Here’s Why Investors Like These Results
Wesco Aircraft Holdings Inc (NYSE:WAIR) delivered a profit and met 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 0.36%.
Wesco Aircraft Holdings Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 29.17% to $0.31 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 21.57% to $230.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wesco Aircraft Holdings Inc reported adjusted EPS income of $0.31 per share. By that measure, the company missed the mean analyst estimate of $0.31. It beat the average revenue estimate of $226.51 million.
Quoting Management: Wesco Aircraft’s Chairman, President and Chief Executive Officer Randy Snyder said, “We are very happy with our results this quarter. We continue to see robust activity, with new and existing customers in all of the regions we serve. We are growing our business and expanding our market share. We had a number of significant contract awards during the quarter and are working on many new opportunities. Our focus remains on providing the highest quality service and in delivering additional value to our customers. Looking forward, we remain optimistic for the remainder of the year and are very excited about 2014.”
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS decreased 6.06% from $0.33 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 $0.32 and has not changed. For the current year, the average estimate has moved up from a profit of $1.2 to a profit of $1.21 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)