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.
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 $0.42, which is worse than the estimate ninety days ago.
Here’s how Carbonite has been performing on an annual basis:
|Revenue ($) 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|
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)