Metalico Earnings Preview: Get Ahead of the Analysts
Metalico (AMEX:MEA) will report earnings before markets open on Thursday, May 9th. Metalico, Inc. processes ferrous and non-ferrous scrap metal. The Company fabricates lead based products as well and sells its products nationwide to industrial customers.
Here is your Cheat Sheet to Metalico Earnings:
Earnings Expectations: Analysts expect earnings of $0.02 per share on revenues of $150.30 million.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.03 to a profit $0.02. For the current year, the average estimate is a profit of $0.07, which is worse than the estimate ninety days ago.
Here’s how Metalico has been performing on an annual basis:
|Revenue ($) in millions||818.20||291.73||553.25||660.91||573.64|
|Diluted EPS ($)||-1.25||-0.08||0.29||0.37||-0.28|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||131.72||164.08||148.21||132.77||128.57|
|Diluted EPS ($)||-0.0647||0.05||0.06||-0.22||-0.1592|
Metalico has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“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)