Market Overview

UPDATE: FIG Partners Raises PT on Geospace Technologies Corp. After Q4 EPS


In a report published Friday, FIG Partners raised its price target on Geospace Technologies Corp. (NASDAQ: GEOS) from $105.00 to $125.00.

FIG Partners noted, “Geospace Technologies announced an EPS of $1.70 for the quarter that ended Dec 2012 vs. our estimate of $1.17 and the Street's estimate of $1.18. The upside surprise came from the top line- revenues of $77.8 Millions reported vs. the $63.3 Mil. we expected. The majority of the EPS upside came from better-than-expected revenues from the Statoil's (NYSE: STO) seabed project related work. GEOS managed to start working on the project and recognize $8.7 Mil. of related revenues. We expected that the start would take longer and there would be minimum revenues recognized in Q1.”

Geospace Technologies Corp. closed on Thursday at $110.20.

Latest Ratings for GEOS

Jan 2016DowngradesOverweightNeutral
Dec 2014DowngradesAccumulateNeutral
Nov 2014DowngradesBuyNeutral

View More Analyst Ratings for GEOS
View the Latest Analyst Ratings

Posted-In: FIG PartnersAnalyst Color Price Target Analyst Ratings


Related Articles (STO + GEOS)

View Comments and Join the Discussion!

UPDATE: Goldman Sachs Reiterates Neutral Rating, Raises PT on Patterson-UTI Energy on Strong 4Q12 Results

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Ubiquiti Networks After Good Quarter