Cyberonics Earnings Preview: Can This Streak Continue?

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Cyberonics (NASDAQ:CYBX) will report earnings before markets open on Thursday, August 22nd. Cyberonics, Inc. designs, develops, and markets medical devices. The Company’s devices are used for the treatment of epilepsy and other debilitating neurological, psychiatric, and other disorders. Cyberonics’ NCP System is approved for sale in the United States, Europe, Canada, and other markets.

Here is your Cheat Sheet to Cyberonics Earnings:

Earnings Expectations: Analysts expect earnings of $0.46 per share on revenues of $67.80 million. Currently, the company’s P/E ratio stands at 32.07.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.48 to a profit $0.49. For the current year, the average estimate is a profit of $1.98, which is better than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 144 168 190 219 254
Diluted EPS ($) 0.97 2.67 1.64 1.27 1.66

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013 Apr. 30, 2013
Revenue ($) in millions 60.32 62.96 62.70 68.34
Diluted EPS ($) 0.29 0.48 0.47 0.41

Past Performance:
Cyberonics 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)

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