iPass Earnings: Your Sneak Peek to the Big Announcement

iPass (NASDAQ:IPAS) will report earnings after markets close on Wednesday, May 8th. iPass Inc., through its software-enabled virtual network, provides secure access for mobile workers to corporate networks or the Internet. The Company’s iPass Corporate Access service enables secure, remote access to a company’s internal networks, through an easy-to-use interface, on a global basis.

Here is your Cheat Sheet to Ipass Earnings:

Earnings Expectations: Analysts expect earnings of $-0.04 per share on revenues of $30.00 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 profit of $0.03 to a loss $0.01. For the current year, the average estimate is a loss of $0.01, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 191.37 171.38 156.08 140.76 126.08
Diluted EPS ($) -1.50 -0.22 -0.05 -0.05 -0.07

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 ($) in millions 34.44 33.29 32.24 30.82 29.72
Diluted EPS ($) 0.0056 -0.02 -0.01 -0.01 -0.0236

Past Performance:
Ipass has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

“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)