International Game Technology Earnings Preview: Get Ahead of the Analysts

International Game Technology (NYSE:IGT) will report earnings after markets close on Thursday, April 25th. International Game Technology designs and manufactures computerized casino gaming systems. The Company also develops and manufactures systems that monitor slot machine play and track player activity, as well as wide area progressive systems. International Game sells its products around the world.

Here is your Cheat Sheet to International Game Technology Earnings:

Earnings Expectations: Analysts expect earnings of $0.30 per share on revenues of $572.25 million. Currently, the company’s P/E ratio stands at 17.30.

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 $0.31. For the current year, the average estimate is a profit of $1.26, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how International Game Technology has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,499 2,019 1,917 1,957 2,151
Diluted EPS ($) 1.05 0.43 0.62 0.94 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 ($) in millions 445.50 541.20 532.80 631.20 530.30
Diluted EPS ($) 0.16 0.21 0.16 0.32 0.24

Past Performance:
International Game Technology 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]