China Automotive Systems Earnings: What Investors Should Watch

China Automotive Systems (NASDAQ:CAAS) will report earnings before markets open on Wednesday, August 14th. China Automotive Systems, Inc. manufactures power steering systems and other related products for different segments of the automobile industry in China. The Company focuses on parts, accessories, and new technologies. China Automotive is also targeting customers in North America, the Asia-Pacific countries, and the Middle East.

Here is your Cheat Sheet to China Automotive Systems Earnings:

Earnings Expectations: Analysts expect earnings of $0.18 per share on revenues of $102.70 million. Currently, the company’s P/E ratio stands at 9.02.

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 $0.18 to a profit $0.17. For the current year, the average estimate is a profit of $0.75, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how China Automotive Systems has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 163 256 346 348 336
Diluted EPS ($) 0.42 0.78 1.10 0.69 0.70

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 80.38 73.18 101.50 97.16
Diluted EPS ($) 0.29 0.12 0.18 0.21

Past Performance:
China Automotive Systems has beat analyst estimates 3 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)