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Wunderlich Securities Expects Solid 2Q14 Results For Spark Energy Inc

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In a report published Tuesday, Wunderlich Securities analyst Mike Bates reiterated a Buy rating and $20.00 price target on Spark Energy Inc (NASDAQ: SPKE).

In the report, Wunderlich Securities noted, “We expect Spark Energy (SPKE) to report 2Q14 results on Wednesday, September 10, before the market opens, with its 10-Q filed the following day. Management is not expected to hold a conference call with investors. We are projecting 2Q14 net income and EBITDA of $2.0 million and $5.6 million, respectively. Key assumptions underpinning our forecast include an average customer base of ~262,000, operating revenue of $55.8 million, and a 26% gross margin.”

Spark Energy closed on Monday at $17.39.

Latest Ratings for SPKE

DateFirmActionFromTo
Mar 2019MaintainsNeutralNeutral
Aug 2018MaintainsNeutralNeutral
Nov 2017DowngradesBuyNeutral

View More Analyst Ratings for SPKE
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Posted-In: Mike Bates Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings

 

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