Basic Energy Services: Here’s What Investors Need to Know Before Earnings
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.
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 $0.25, which is worse than the estimate ninety days ago.
Here’s how Basic Energy Services has been performing on an annual basis:
|Revenue ($) 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|
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)