Buckeye Technologies Earnings Preview: Get Ahead of the Analysts

Buckeye Technologies (NYSE:BKI) will report earnings after markets close on Tuesday, April 30th. Buckeye Technologies Inc. manufactures and markets specialty cellulose and absorbent products. The Company offers cellulose-based specialty products made from both wood and cotton, and utilizes both wet-laid and air-laid technologies. Buckeye Technologies sells its products mainly to niche markets.

Here is your Cheat Sheet to Buckeye Technologies Earnings:

Earnings Expectations: Analysts expect earnings of $0.50 per share on revenues of $197.97 million. Currently, the company’s P/E ratio stands at 12.25.

Analyst Trends:

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 $0.73 to a profit $0.64. For the current year, the average estimate is a profit of $2.48, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Buckeye Technologies has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 825.52 754.53 756.43 880.43 894.88
Diluted EPS ($) 1.20 -1.69 2.90 3.05 2.24

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 ($) in millions 221.41 217.06 210.65 196.96 204.33
Diluted EPS ($) -0.14 0.64 0.7225 0.74 0.33

Past Performance:
Buckeye Technologies has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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