Mitcham Industries Earnings: Your Sneak Peek to the Big Announcement

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.

Analyst Trends:

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.

Earnings Trends:

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

Fiscal Year 2009 2010 2011 2012 2013
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

Past Performance:
Mitcham Industries has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“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)