Emeritus Earnings Preview: Can This Streak Finally End?

Emeritus (NYSE:ESC) will report earnings after markets close on Thursday, May 2nd. Emeritus Corporation is a fully integrated senior housing services company focused on operating residential-style assisted-living communities. The Company develops and operates freestanding assisted living communities throughout the United States. Emeritus has also commenced development of its facilities in Japan and Canada.

Here is your Cheat Sheet to Emeritus Earnings:

Earnings Expectations: Analysts expect earnings of $-0.54 per share on revenues of $474.74 million.

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 loss of $0.12 to a loss $0.43. For the current year, the average estimate is a loss of $1.68, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 772.44 898.73 1,129 1,473 1,568
Diluted EPS ($) -2.68 -1.37 -1.42 -1.63 -1.90

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 ($) in millions 376.38 322.98 374.80 381.12 437.56
Diluted EPS ($) -0.6287 -0.43 -0.49 -0.36 -0.6125

Past Performance:
Emeritus has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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