Gilead Sciences Earnings Preview: Get Ahead of the Analysts

Gilead Sciences (NASDAQ:GILD) will report earnings after markets close on Thursday, May 2nd. Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops, and commercializes therapeutics to advance the care of patients suffering from life-threatening diseases. The Company’s primary arees of focus include HIV/AIDS, liver disease and serious cardiovascular and respiratory conditions.

Here is your Cheat Sheet to Gilead Sciences Earnings:

Earnings Expectations: Analysts expect earnings of $0.50 per share on revenues of $2.58 billion. Currently, the company’s P/E ratio stands at 31.36.

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 $0.53 to a profit $0.5. For the current year, the average estimate is a profit of $2.02, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 5,336 7,011 7,949 8,385 9,703
Diluted EPS ($) 1.03 1.41 1.66 1.77 1.64

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 ($) in millions 2,200 2,282 2,405 2,427 2,588
Diluted EPS ($) 0.4421 0.285 0.455 0.425 0.4686

Past Performance:
Gilead Sciences 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)