Can Mitcham Industries Meet These Numbers?

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Mitcham Industries (NAS: MIND) is expected to report Q4 earnings on April 3. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Mitcham Industries's revenues will drop -21.4% and EPS will drop -49.4%.

The average estimate for revenue is $29.1 million. On the bottom line, the average EPS estimate is $0.39.


Revenue details
Last quarter, Mitcham Industries booked revenue of $18.6 million. GAAP reported sales were 34% lower than the prior-year quarter's $28.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at -$0.10. GAAP EPS were -$0.10 for Q3 against $0.52 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 23.4%, much worse than the prior-year quarter. Operating margin was -10.0%, much worse than the prior-year quarter. Net margin was -6.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $105.4 million. The average EPS estimate is $1.03.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 336 members out of 343 rating the stock outperform, and seven members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Mitcham Industries a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mitcham Industries is outperform, with an average price target of $21.00.

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The article Can Mitcham Industries Meet These Numbers? originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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