Skullcandy Earnings Preview: Get Ahead of the Analysts

Skullcandy (NASDAQ:SKUL) will report earnings after markets close on Thursday, May 2nd. Skullcandy Inc. sells audio equipment. The Company supplies headphones, gaming headsets, earbuds, and sports buds. Skullcandy also sells apparel and accessories in the United States and Europe.

Here is your Cheat Sheet to Skullcandy Earnings:

Earnings Expectations: Analysts expect earnings of $-0.27 per share on revenues of $37.27 million. Currently, the company’s P/E ratio stands at 5.60.

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 $0.27 to a profit $0.01. For the current year, the average estimate is a profit of $0.16, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 80.38 118.31 160.58 232.47 297.69
Diluted EPS ($) -0.69 0.79 0.92

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 ($) in millions 83.41 53.28 72.44 71.00 100.97
Diluted EPS ($) 0.4374 0.04 0.24 0.23 0.4119

Past Performance:
Skullcandy has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]