Ritchie Bros. Auctioneers Incorporated Earnings Preview: Get Ahead of the Analysts

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) will report earnings before markets open on Tuesday, April 30th. Ritchie Bros. Auctioneers Incorporated auctions industrial equipment, operating through various locations around the world. The Company sells, through unreserved public auctions, used and unused industrial equipment, including equipment used in the construction, transportation, mining, forestry, petroleum, and agricultural industries.

Here is your Cheat Sheet to Ritchie Bros. Auctioneers Incorporated Earnings:

Earnings Expectations: Analysts expect earnings of $0.16 per share on revenues of $101.68 million. Currently, the company’s P/E ratio stands at 26.27.

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 $0.36 and has not changed. For the current year, the average estimate is a profit of $0.91, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Ritchie Bros. Auctioneers Incorporated has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 354.82 377.21 357.37 396.10 437.96
Diluted EPS ($) 0.96 0.88 0.62 0.72 0.74

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

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 113.40 101.28 127.21 92.33 117.14
Diluted EPS ($) 0.2503 0.17 0.29 0.08 0.2066

Past Performance:
Ritchie Bros. Auctioneers Incorporated 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)