Igate (NASDAQ:IGTE) will report earnings before markets open on Thursday, April 11th. iGATE Corporation offers a range of information technology solutions to to large and medium-sized organizations using an offshore/onsite model. The Company’s services include client/server design and development, conversion/migration services, offshore outsourcing, enterprise resource planning (“ERP”) package implementation and integration services, and software development.
Here is your Cheat Sheet to Igate Earnings:
Earnings Expectations: Analysts expect earnings of $0.41 per share on revenues of $271.85 million. Currently, the company’s P/E ratio stands at 21.56.
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 $0.37 to a profit $0.36. For the current year, the average estimate is a profit of $1.65, which is worse than the estimate ninety days ago.
Here’s how Igate has been performing on an annual basis:
|Revenue ($) in millions||218.80||193.10||280.60||779.65||1,074|
|Diluted EPS ($)||0.56||0.51||0.90||0.38||0.85|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||267.71||263.26||267.99||271.09||271.58|
|Diluted EPS ($)||0.08||0.22||0.07||0.27||0.29|
Igate has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)