Mac-Gray Earnings Preview: Get Ahead of the Analysts

Mac-Gray (NYSE:TUC) will report earnings before markets open on Thursday, May 2nd. Mac-Gray Corporation supplies card and coin-operated laundry services in multiple housing facilities. The Company also supplies MicroFridge combination refrigerator/freezer/microwave ovens to multiple housing facilities. In addition, Mac-Gray provides card and coin-operated reprographics equipment and services to the academic and public library markets.

Here is your Cheat Sheet to Mac-gray Earnings:

Earnings Expectations: Analysts expect earnings of $0.23 per share on revenues of $85.00 million. Currently, the company’s P/E ratio stands at 46.41.

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 $0.09 to a profit $0.12. For the current year, the average estimate is a profit of $0.66, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Mac-gray has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 327.23 325.92 320.01 322.03 322.12
Diluted EPS ($) 0.04 0.15 0.18 0.22 0.29

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 ($) in millions 82.65 84.24 77.83 77.87 82.18
Diluted EPS ($) 0.0068 -0.05 0.07 0.10 0.1691

Past Performance:
Mac-gray has missed analyst estimates 3 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)