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.

Analyst Trends:

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.

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Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Itc Holdings 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] wallstcheatsheet.com)