Zep Earnings: Here’s Why Shares are Going Nowhere
Zep, Inc. (NYSE:ZEP) delivered a profit 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 0.13%.
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Zep, Inc. Earnings Cheat Sheet
Results: Net income decreased 2.6% to $3.5 million (16 cents per diluted share) in the quarter versus a net gain of $3.7 million in the year-earlier quarter.
Revenue: Rose 2.9% to $158 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Zep, Inc. reported adjusted net income of 16 cents per share. By that measure, the company missed the mean analyst estimate of $0.18. It beat the average revenue estimate of $156.79 million.