Igate Earnings: Your Sneak Peek to the Big Announcement

Igate (NASDAQ:IGTE) will report earnings before markets open on Thursday, April 11th. iGATE Corporation offers a range of information technology solutions to to large and medium-sized organizations using an offshore/onsite model. The Company’s services include client/server design and development, conversion/migration services, offshore outsourcing, enterprise resource planning (“ERP”) package implementation and integration services, and software development.

Here is your Cheat Sheet to Igate Earnings:

Earnings Expectations: Analysts expect earnings of $0.41 per share on revenues of $271.85 million. Currently, the company’s P/E ratio stands at 21.56.

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 $0.37 to a profit $0.36. For the current year, the average estimate is a profit of $1.65, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 218.80 193.10 280.60 779.65 1,074
Diluted EPS ($) 0.56 0.51 0.90 0.38 0.85

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 ($) in millions 267.71 263.26 267.99 271.09 271.58
Diluted EPS ($) 0.08 0.22 0.07 0.27 0.29

Past Performance:
Igate has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“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)