Mitcham Industries Earnings: Your Sneak Peek to the Big Announcement

Mitcham Industries (NASDAQ:MIND) will report earnings after markets close on Wednesday, April 3rd. 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 $0.40 per share on revenues of $29.58 million. Currently, the company’s P/E ratio stands at 9.19.

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 profit of $0.69 and has not changed. For the current year, the average estimate is a profit of $1.04, which is the same as the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 76.42 66.81 55.17 71.36 112.83
Diluted EPS ($) 1.11 0.89 0.05 0.46 2.02

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Oct. 31, 2011 Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012
Revenue ($) in millions 28.02 37.03 34.63 23.08 18.57
Diluted EPS ($) 0.52 0.81 0.63 0.48 -0.10

Past Performance:
Mitcham Industries 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)

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