Basic Energy Services: Here’s What Investors Need to Know Before Earnings

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Basic Energy Services (NYSE:BAS) will report earnings after markets close on Thursday, July 25th. Basic Energy Services, Inc. provides well site services to oil and gas drilling and producing companies. The Company operates well maintenance, workover, and fluid handling services through a fleet of well servicing rigs and fluid service trucks and equipment.

Here is your Cheat Sheet to Basic Energy Services Earnings:

Earnings Expectations: Analysts expect earnings of $-0.09 per share on revenues of $319.76 million.

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 $0.05 to a profit $0.03. For the current year, the average estimate is a loss of $0.25, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Basic Energy Services has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,005 527 728 1,243 1,375
Diluted EPS ($) 1.64 -6.39 -1.10 1.14 0.51

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 361.52 340.40 302.07 304.35
Diluted EPS ($) 0.36 0.16 -0.49 -0.22

Past Performance:
Basic Energy Services has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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

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