GeoResources Inc. Fourth Quarter Earnings Sneak Peek

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GeoResources, Inc. (NASDAQ:GEOI) will unveil its latest earnings on Wednesday, March 14, 2012. GeoResources is an independent oil and gas company, which is engaged in the acquisition and development of oil and gas reserves.

GeoResources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 38 cents per share, a rise of 46.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 37 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 7.2% versus last year to $1.34.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 3 cents, reporting profit of 36 cents per share against a mean estimate of net income of 33 cents. In the second quarter, the company exceeded forecasts by 2 cents with profit of 31 cents versus a mean estimate of net income of 29 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 38.1% in revenue from the year-earlier quarter to $37.4 million.

Analyst Ratings: Analysts are optimistic about this stock, with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit rose 23.3% to $9.4 million (36 cents a share) from $7.6 million (38 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 38% to $36.2 million from $26.2 million.

Key Stats:

For three consecutive quarters, the comapny has seen net income rise. Net income rose 99.5% in the second quarter and 3.9% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 24.7% in the second quarter from the year earlier, climbed 10.8% in the first quarter from the year-ago quarter and 6.4% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between December 9, 2011 and March 8, 2012, the stock price rose $3.98 (13.8%), from $28.93 to $32.91. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011, when shares rose for eight straight days, increasing 27.6% (+$5.55) over that span. It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight days, dropping 18.9% (-$4.66) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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