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Cubic's Earnings Outlook

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On Wednesday, November 18, Cubic (NYSE: CUB) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Cubic earnings will be near $2.04 per share on sales of $479.62 million, according to analysts. In the same quarter last year, Cubic reported EPS of $1.86 on revenue of $471.20 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on CUB

If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 9.68%. Sales would be have grown 1.79% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

EPS Estimate

0.68

-0.11

-0.03

1.94

EPS Actual

0.74

-0.12

-0.12

1.86

Revenue Estimate

376.90 M

342.23 M

324.97 M

440.34 M

Revenue Actual

350.44 M

321.48 M

328.84 M

471.20 M

Stock Performance

Shares of Cubic were trading at $65.17 as of November 16. Over the last 52-week period, shares are down 12.95%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Cubic is scheduled to hold the call at 17:00:00 ET and can be accessed here.

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