Generac Holdings Earnings: Here’s Why Investors are Selling Shares Now
Generac Holdings Inc. (NYSE:GNRC) 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 down 5.70%.
Generac Holdings Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.54% to $0.87 in the quarter versus EPS of $0.76 in the year-earlier quarter.
Revenue: Rose 27.94% to $342 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Generac Holdings Inc. reported adjusted EPS income of $0.87 per share. By that measure, the company beat the mean analyst estimate of $0.69. It beat the average revenue estimate of $309.39 million.
Quoting Management: “2012 was a tremendous year for Generac as we achieved record financial results with significant growth across all product categories and regions of the United States,” said Aaron Jagdfeld, President and Chief Executive Officer.
Key Stats (on next page)…