ITC Holdings Earnings Preview: Get Ahead of the Analysts
ITC Holdings (NYSE:ITC) will report earnings after markets close on Tuesday, April 23rd. ITC Holdings Corporation is a holding company. Through subsidiaries, the Company transmits electricity from electricity generating stations to local electricity distribution facilities. ITC invests in electricity transmission infrastructure improvements as a means to improve electricity reliability and reduce congestion.
Here is your Cheat Sheet to Itc Holdings Earnings:
Earnings Expectations: Analysts expect earnings of $1.14 per share on revenues of $232.60 million. Currently, the company’s P/E ratio stands at 24.78.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.21 and has not changed. For the current year, the average estimate is a profit of $4.94, which is better than the estimate ninety days ago.
Here’s how Itc Holdings has been performing on an annual basis:
|Revenue ($) in millions||617.88||621.02||696.84||757.40||830.54|
|Diluted EPS ($)||2.18||2.58||2.84||3.31||3.60|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||201.61||196.71||197.38||214.80||221.65|
|Diluted EPS ($)||0.82||0.88||0.81||0.98||0.93|
Itc Holdings 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)