Willbros Group Earnings: Here’s Why Investors are Ambivalent Now

Willbros Group Inc. (NYSE:WG) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Willbros Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.24 in the quarter versus EPS of $-0.48 in the year-earlier quarter.

Revenue: Rose 16.29% to $487.36 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Willbros Group Inc. reported adjusted EPS loss of $0.24 per share. By that measure, the company missed the mean analyst estimate of $-0.04. It beat the average revenue estimate of $463.75 million.

Quoting Management: Randy Harl, President and Chief Executive Officer, commented, “We are pleased that our operating performance demonstrated steady year-over-year improvement again this quarter. The management actions we have taken to address underperforming business units are delivering results. Canada’s financial results over the past two quarters are the product of our commitment to improve performance. We intend to replicate this success by hiring additional management talent, strengthening our project management capabilities and expanding our training programs throughout the Company. Our primary objective for 2013 is to generate improved operating results, cash flow and margins.”

Key Stats (on next page)…

Revenue decreased 1.95% from $497.04 million in the previous quarter. EPS decreased to $-0.24 in the quarter versus EPS of $0.11 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 $0.14 to a profit $0.15. For the current year, the average estimate has moved up from a profit of $0.43 to a profit of $0.5 over the last ninety days.

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