SciQuest Earnings Preview: Get Ahead of the Analysts

SciQuest (NASDAQ:SQI) will report earnings after markets close on Tuesday, April 30th. SciQuest, Inc. provides an on-demand procurement and supplier enablement solution that integrates customers with their suppliers. The Company’s software automates the source-to-settle process, identify and establish contracts with preferred suppliers, drive spend to those contracts, and process efficiencies through electronic transactions.

Here is your Cheat Sheet to Sciquest Earnings:

Earnings Expectations: Analysts expect earnings of $0.07 per share on revenues of $20.98 million.

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 $0.09 to a profit $0.08. For the current year, the average estimate is a profit of $0.37, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 29.78 36.18 42.48 53.44 66.46
Diluted EPS ($) -0.09 1.16 -0.02 0.13 -0.05

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 ($) in millions 14.23 14.41 15.18 17.17 19.70
Diluted EPS ($) 0.0477 0.01 0.02 0.03 -0.1088

Past Performance:
Sciquest has beat analyst estimates 1 time 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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