Mitcham Industries (NASDAQ:MIND) will report earnings after markets close on Tuesday, June 4th. Mitcham Industries, Inc. leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors. The Company’s equipment is used to perform seismic data surveys both on land and in transition zones. Mitcham leases its equipment on a short-term basis to seismic contractors who need additional capacity.
Here is your Cheat Sheet to Mitcham Industries Earnings:
Earnings Expectations: Analysts expect earnings of $0.49 per share on revenues of $29.91 million. Currently, the company’s P/E ratio stands at 12.60.
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 $0.17 to a profit $0.03. For the current year, the average estimate is a profit of $1.4, which is worse than the estimate ninety days ago.
Here’s how Mitcham Industries has been performing on an annual basis:
|Revenue ($) in millions||67||55||71||113||105|
|Diluted EPS ($)||0.89||0.05||0.46||2.02||1.29|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||34.63||23.08||18.57||28.40|
|Diluted EPS ($)||0.63||0.48||-0.10||0.26|
Mitcham Industries 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)