Invacare Earnings Preview: Can This Streak Finally End?

Invacare (NYSE:IVC) will report earnings before markets open on Thursday, April 25th. Invacare Corporation manufactures and distributes health care products to the non-acute care market on a worldwide basis. The Company distributes its products to home care, mass retail, and institutional customers. Invacare provides items such as respiratory products, home care beds, diabetic supplies, nursing home furniture, and manual and powerized wheelchairs.

Here is your Cheat Sheet to Invacare Earnings:

Earnings Expectations: Analysts expect earnings of $-0.09 per share on revenues of $433.60 million. Currently, the company’s P/E ratio stands at 191.55.

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 $0.23 to a loss $0.03. For the current year, the average estimate is a profit of $0.28, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,756 1,693 1,425 1,502 1,455
Diluted EPS ($) 1.09 1.29 0.78 -0.13 0.06

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 ($) in millions 150.21 433.56 454.92 452.98 113.99
Diluted EPS ($) -1.08 0.26 -0.06 0.09 -0.23

Past Performance:
Invacare 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]