Gulf Island Fabrication Earnings Preview: Can This Streak Finally End?

Gulf Island Fabrication (NASDAQ:GIFI) will report earnings after markets close on Thursday, July 25th. Gulf Island Fabrication, Inc. makes offshore drilling and production platforms and other specialized structures used in the development and production of offshore oil and gas reserves. Products include jackets and deck sections of fixed production platforms, hull and deck sections of floating production platforms, piles, wellhead protectors, subsea templates, and various modules.

Here is your Cheat Sheet to Gulf Island Fabrication Earnings:

Earnings Expectations: Analysts expect earnings of $0.19 per share on revenues of $127.45 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 profit of $0.32 to a profit $0.23. For the current year, the average estimate is a profit of $0.88, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Gulf Island Fabrication has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 421 312 248 308 521
Diluted EPS ($) 2.03 1.44 0.90 -0.13 -0.28

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 ($) in millions 137.23 141.79 129.24 150.42
Diluted EPS ($) 0.52 -0.72 -0.56 0.19

Past Performance:
Gulf Island Fabrication 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)