Perficient: Here’s What Investors Need to Know Before Earnings

Perficient (NASDAQ:PRFT) will report earnings before markets open on Thursday, May 9th. Perficient, Inc. is an information technology consulting firm. The Firm designs and delivers business-driven information technology solutions, such as business analysis, portal, content management, business integration/SOA, commerce. business intelligence and customer relation management (NYSE:CRM). Perficient serves clients from a network of domestic and global locations.

Here is your Cheat Sheet to Perficient Earnings:

Earnings Expectations: Analysts expect earnings of $0.23 per share on revenues of $83.01 million. Currently, the company’s P/E ratio stands at 20.98.

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 $0.28 to a profit $0.27. For the current year, the average estimate is a profit of $1.03, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 231.49 188.15 214.95 262.44 327.10
Diluted EPS ($) 0.33 0.05 0.23 0.37 0.52

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 ($) in millions 70.43 74.70 81.80 87.47 83.13
Diluted EPS ($) 0.0920 0.10 0.12 0.16 0.1376

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

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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