Libbey Earnings Preview: Can This Streak Continue?

Libbey (AMEX:LBY) will report earnings before markets open on Thursday, April 25th. Libbey Inc. designs, manufactures, and markets glass tableware, which is used by foodservice, industrial, premium, and retail customers around the world. The Company also provides ceramic dinnerware and metal flatware to foodservice users in the United States. In addition, Libbey is the exclusive distributor of Vitrocrisa glass tableware products in the United States and Canada.

Here is your Cheat Sheet to Libbey Earnings:

Earnings Expectations: Analysts expect earnings of $0.10 per share on revenues of $186.70 million. Currently, the company’s P/E ratio stands at 55.00.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.72 to a profit $0.75. For the current year, the average estimate is a profit of $2.05, which is better than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 812.63 750.24 801.58 819.45 828.45
Diluted EPS ($) -5.48 -1.90 3.51 1.14 0.33

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 ($) in millions 215.42 188.54 210.01 210.16 219.74
Diluted EPS ($) 0.11 0.03 -0.49 0.70 0.09

Past Performance:
Libbey has beat analyst estimates 4 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]