Local.com Earnings Preview: Can This Streak Finally End?

Local.com (NASDAQ:LOCM) will report earnings after markets close on Thursday, May 9th. Local.com Corporation operates an Internet search engine. The Company assists users in finding local businesses and services.

Here is your Cheat Sheet to Local.com Earnings:

Earnings Expectations: Analysts expect earnings of $-0.09 per share on revenues of $22.20 million.

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 loss of $0.09 and has not changed. For the current year, the average estimate is a loss of $0.46, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Local.com has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 38.26 56.28 84.14 78.26 97.77
Diluted EPS ($) -0.60 -0.44 0.25 -0.68 -1.10

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 ($) in millions 25.30 25.20 27.07 24.77 20.90
Diluted EPS ($) -0.1724 -0.14 -0.42 -0.17 -0.3566

Past Performance:
Local.com 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] wallstcheatsheet.com)