Carbonite Earnings Preview: Can This Streak Continue?

Carbonite (NASDAQ:CARB) will report earnings after markets close on Thursday, May 2nd. Carbonite Inc. is a computer service company. The Company services its clients with computer software to retrieve files if lost on the internet.

Here is your Cheat Sheet to Carbonite Earnings:

Earnings Expectations: Analysts expect earnings of $-0.18 per share on revenues of $24.43 million.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.11 and has not changed. For the current year, the average estimate is a loss of $0.42, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2009 2010 2011 2012
Revenue ($) in millions 19.11 38.56 60.51 84.04
Diluted EPS ($) -5.90 -1.84 -0.74

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 ($) in millions 17.34 18.55 20.25 21.57 23.68
Diluted EPS ($) -0.2429 -0.36 -0.17 -0.13 -0.0863

Past Performance:
Carbonite has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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