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.

Analyst Trends:

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.

Earnings Trends:

Here’s how On Assignment has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
On Assignment has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats 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)