On Assignment: Here’s What Investors Need to Know Before Earnings
On Assignment (NASDAQ:ASGN) will report earnings after markets close on Wednesday, July 24th. On Assignment, Inc. places professional employees on both long- and short-term assignments through its Lab Support, Healthcare Financial Staffing, and EnviroStaff divisions. The Company provides temporary scientific, environmental, and medical billing and collections professionals to a range of industries through a network of branch offices.
Here is your Cheat Sheet to On Assignment Earnings:
Earnings Expectations: Analysts expect earnings of $0.28 per share on revenues of $412.09 million. Currently, the company’s P/E ratio stands at 24.85.
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 $0.31 to a profit $0.32. For the current year, the average estimate is a profit of $1.1, which is better than the estimate ninety days ago.
Here’s how On Assignment has been performing on an annual basis:
|Revenue ($) in millions||618||417||438||597||1,240|
|Diluted EPS ($)||0.53||0.13||-0.27||0.64||0.89|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||283.19||388.28||401.66||389.19|
|Diluted EPS ($)||0.19||0.33||0.21||0.46|
On Assignment has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)