Symmetry Medical Earnings Preview: Get Ahead of the Analysts

Symmetry Medical (NYSE:SMA) will report earnings before markets open on Thursday, May 2nd. Symmetry Medical Inc. designs, develops, and manufactures custom and standard surgical instruments. The Company markets the products to dental, osteobiologic and endoscopy sectors. Symmetry provides limited specialized products and services to non-healthcare markets, such as the aerospace market.

Here is your Cheat Sheet to Symmetry Medical Earnings:

Earnings Expectations: Analysts expect earnings of $0.15 per share on revenues of $106.04 million. Currently, the company’s P/E ratio stands at 47.57.

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 $0.19 to a profit $0.18. For the current year, the average estimate is a profit of $0.71, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 423.41 365.94 360.83 359.05 410.50
Diluted EPS ($) 0.67 0.61 0.39 0.08 0.25

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 ($) in millions 84.51 100.68 102.34 100.93 106.56
Diluted EPS ($) -0.0889 0.02 0.05 0.10 0.0799

Past Performance:
Symmetry Medical 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]