Will Mitcham Industries Beat These Analyst Estimates?
Mitcham Industries (NAS: MIND) is expected to report Q1 earnings on June 4. 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 contract -13.6% and EPS will wane -22.2%.
The average estimate for revenue is $29.9 million. On the bottom line, the average EPS estimate is $0.49.
Last quarter, Mitcham Industries reported revenue of $28.4 million. GAAP reported sales were 23% lower than the prior-year quarter's $37.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.26. GAAP EPS of $0.26 for Q4 were 66% lower than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 30.9%, much worse than the prior-year quarter. Operating margin was 9.7%, much worse than the prior-year quarter. Net margin was 12.0%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $115.8 million. The average EPS estimate is $1.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 335 members out of 342 rating the stock outperform, and seven members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 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 $18.25.
Is Mitcham Industries the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Mitcham Industries to My Watchlist.
The article Will Mitcham Industries Beat These Analyst Estimates? 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.