Imation Earnings Preview: Get Ahead of the Analysts

Imation (NYSE:IMN) will report earnings before markets open on Wednesday, May 1st. Imation is a global scalable storage and data security company. Our portfolio includes tiered storage and security offerings for business and products designed to manage audio and video information in the home. Imation reaches customers in more than 100 countries through a global distribution network.

Here is your Cheat Sheet to Imation Earnings:

Earnings Expectations: Analysts expect earnings of $-0.22 per share on revenues of $264.00 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 $0.08 to a loss $0.25. For the current year, the average estimate is a loss of $0.87, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,981 1,650 1,461 1,290 1,100
Diluted EPS ($) -0.89 -1.13 -4.19 -1.24 -9.09

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 ($) in millions 342.30 281.70 270.60 248.20 299.10
Diluted EPS ($) -0.3449 -0.33 -0.32 -0.17 -8.339

Past Performance:
Imation has missed analyst estimates 3 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]