Mitcham Industries (MIND) has a long history of running up into quarterly earnings reports, especially when they are expected to be good.
Per my forecast model, their first quarter results are going to be VERY GOOD.
MIND
Re: MIND
"Expecting MIND to report a solid quarter today AMC
l MIND is scheduled to report FQ1 2012 results today AMC. Our expectations v. consensus:
m Revenues: GHS: $21.6MM vs. consensus of $22.0MM
n GHS: leasing of $13.6MM and sales of $8.0MM
m EBITDA: GHS: $11.6MM vs. consensus of $11.3MM
m EPS: GHS: 34v vs. consensus of 34c
l Takeaway: We titled our FQ4 2011 earnings recap “Increasing Channel Counts + Global Demand = Winning”, believing broad based upward
momentum in both international and NAM markets will continue to drive very strong leasing revenues for the company. We suspect its 408
systems were 100% utilized in the U.S. during the quarter and that the late Canadian spring breakup aided the company’s NAM results. All
indications are that LAM was strong during the quarter and that Russia was sold-out. Seamap remains the swing, with potentially more than
2 GunLink and 1 BuoyLink system delivered during the quarter. We would be long into the quarter.
l Conference call: Tomorrow at 8 am CST. Dial-in: 480-629-9692" (Global Hunter today)
l MIND is scheduled to report FQ1 2012 results today AMC. Our expectations v. consensus:
m Revenues: GHS: $21.6MM vs. consensus of $22.0MM
n GHS: leasing of $13.6MM and sales of $8.0MM
m EBITDA: GHS: $11.6MM vs. consensus of $11.3MM
m EPS: GHS: 34v vs. consensus of 34c
l Takeaway: We titled our FQ4 2011 earnings recap “Increasing Channel Counts + Global Demand = Winning”, believing broad based upward
momentum in both international and NAM markets will continue to drive very strong leasing revenues for the company. We suspect its 408
systems were 100% utilized in the U.S. during the quarter and that the late Canadian spring breakup aided the company’s NAM results. All
indications are that LAM was strong during the quarter and that Russia was sold-out. Seamap remains the swing, with potentially more than
2 GunLink and 1 BuoyLink system delivered during the quarter. We would be long into the quarter.
l Conference call: Tomorrow at 8 am CST. Dial-in: 480-629-9692" (Global Hunter today)