Tessco Technologies Earnings Preview: Can This Streak Continue?

Tessco Technologies (NASDAQ:TESS) will report earnings after markets close on Wednesday, July 24th. TESSCO Technologies Incorporated provides products and value-added services in the wireless communications industry. The Company serves customers in the cellular telephone, personal communication system, paging, and mobile radiodispatch markets. TESSCO offers manufacturer brand name products, as well as its own products which are sold under the Wireless Solutions name.

Here is your Cheat Sheet to Tessco Technologies Earnings:

Earnings Expectations: Analysts expect earnings of $0.38 per share on revenues of $134.24 million. Currently, the company’s P/E ratio stands at 14.17.

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 $0.57 to a profit $0.47. For the current year, the average estimate is a profit of $1.93, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 483 522 605 733 753
Diluted EPS ($) 0.84 1.19 1.27 2.03 2.15

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 ($) in millions 192.42 197.24 204.46 158.45
Diluted EPS ($) 0.51 0.64 0.65 0.35

Past Performance:
Tessco Technologies has beat analyst estimates 4 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] wallstcheatsheet.com)