Gilat Satellite Networks Earnings Preview: Get Ahead of the Analysts

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Gilat Satellite Networks (NASDAQ:GILT) will report earnings before markets open on Wednesday, May 8th. Gilat Satellite Networks Ltd. designs, develops, manufactures, markets, and supports very small aperture terminal satellite earth stations and related hub equipment and software. The Company’s products are incorporated into telecommunications networks that provide satellite-based communications between a central location and a large number of geographically-dispersed sites.

Here is your Cheat Sheet to Gilat Satellite Networks Earnings:

Earnings Expectations: Analysts expect earnings of $0.01 per share on revenues of $86.04 million.

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 $0.04 to a profit $0.05. For the current year, the average estimate is a profit of $0.23, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Gilat Satellite Networks has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 267.53 228.06 232.98 339.20 348.36
Diluted EPS ($) -0.03 0.04 0.73 -0.14 -0.56

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 ($) in millions 93.60 76.61 85.32 89.01 97.43
Diluted EPS ($) -0.2805 -0.07 0.02 0.08 -0.5841

Past Performance:
Gilat Satellite Networks has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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

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