Astec Industries Earnings Preview: Can This Streak Finally End?

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Astec Industries (NASDAQ:ASTE) will report earnings before markets open on Tuesday, April 23rd. Astec Industries, Inc. designs, engineers, manufactures, markets, and finances equipment and components used primarily in road building and related construction activities. The Company’s products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface.

Here is your Cheat Sheet to Astec Industries Earnings:

Earnings Expectations: Analysts expect earnings of $0.54 per share on revenues of $256.44 million. Currently, the company’s P/E ratio stands at 18.04.

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 $0.55 to a profit $0.54. For the current year, the average estimate is a profit of $1.92, which is worse than the estimate ninety days ago.

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Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 973.70 738.09 737.08 908.64 936.27
Diluted EPS ($) 2.80 0.14 1.42 1.74 1.74

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 ($) in millions 216.07 266.64 253.88 227.04 188.72
Diluted EPS ($) 0.35 0.53 0.45 0.30 0.46

Past Performance:
Astec Industries has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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

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