Citrix Systems Earnings Preview: Can This Streak Continue?

Citrix Systems (NASDAQ:CTXS) will report earnings after markets close on Wednesday, April 24th. Citrix Systems, Inc. designs, develops, and markets technology solutions that allow applications to be delivered, supported, and shared on-demand. The Company develops and markets comprehensive solutions across all dimensions of application, server and desktop virtualization as well as application and network optimization.

Here is your Cheat Sheet to Citrix Systems Earnings:

Earnings Expectations: Analysts expect earnings of $0.63 per share on revenues of $678.30 million. Currently, the company’s P/E ratio stands at 36.20.

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 $0.7. For the current year, the average estimate is a profit of $3.14, which is the same as the estimate ninety days ago.

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Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,583 1,614 1,875 2,206 2,586
Diluted EPS ($) 0.96 1.03 1.46 1.87 1.86

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 ($) in millions 619.37 589.50 615.21 641.42 740.00
Diluted EPS ($) 0.57 0.36 0.49 0.41 0.60

Past Performance:
Citrix Systems 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]