The Dixie Group Earnings Preview: Can This Streak Finally End?

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The Dixie Group (NASDAQ:DXYN) will report earnings before markets open on Wednesday, May 1st. The Dixie Group, Inc. manufactures value-added floorcovering products. The Company supplies carpets and rugs to the factory-built housing and recreational vehicle markets through Carriage Carpets. Dixie also provides its products to consumers through retailers under the Bretlin and Globaltex names. In addition, the Company provides Masland Carpets and Candlewick Yarns.

Here is your Cheat Sheet to The Dixie Group Earnings:

Earnings Expectations: Analysts expect earnings of $-0.03 per share on revenues of $70.40 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 loss of $0.01 to a profit $0.03. For the current year, the average estimate is a profit of $0.1, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how The Dixie Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 282.71 203.48 231.32 270.11 266.37
Diluted EPS ($) -2.52 -3.42 -0.37 0.08 -0.07

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 ($) in millions 65.35 62.85 66.57 65.82 71.13
Diluted EPS ($) -0.0287 -0.01 -0.03 0.01 -0.0328

Past Performance:
The Dixie Group 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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