Flir Systems Earnings Preview: Get Ahead of the Analysts

Flir Systems (NASDAQ:FLIR) will report earnings before markets open on Friday, April 26th. FLIR Systems, Inc. designs, manufactures, and markets thermal imaging and broadcast camera systems for a variety of applications in the commercial and government markets. The Company makes products for condition monitoring, research and development, airborne observation and broadcast, search and rescue, and surveillance and reconnaissance.

Here is your Cheat Sheet to Flir Systems Earnings:

Earnings Expectations: Analysts expect earnings of $0.35 per share on revenues of $361.32 million. Currently, the company’s P/E ratio stands at 16.22.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.34 to a profit $0.36. For the current year, the average estimate is a profit of $1.64, which is better than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,077 1,147 1,388 1,544 1,405
Diluted EPS ($) 1.28 1.45 1.54 1.38 1.45

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 ($) in millions 405.21 348.45 338.29 332.23 386.38
Diluted EPS ($) 0.48 0.31 0.27 0.37 0.50

Past Performance:
Flir Systems has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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