World Fuel Services Corp. (NYSE:INT) 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 2.66%.
World Fuel Services Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.65% to $0.8 in the quarter versus EPS of $0.68 in the year-earlier quarter.
Revenue: Rose 8.95% to $10.48 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: World Fuel Services Corp. reported adjusted EPS income of $0.8 per share. By that measure, the company beat the mean analyst estimate of $0.66. It beat the average revenue estimate of $10.31 billion.
Quoting Management: “Our second quarter results once again demonstrate the resilience and diversity of our business model. We are pleased with our overall performance especially in our marine segment,” said Michael J. Kasbar, President and Chief Executive Officer of World Fuel Services Corporation. “We are confident that we will continue to capitalize on our unique business model in this ever changing marketplace.”
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased 17.65% from $0.68 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 $0.75 to a profit $0.74. For the current year, the average estimate has moved down from a profit of $2.89 to a profit of $2.84 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)