Market Overview

Earnings Preview: Evolution Petroleum

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On Wednesday, September 09, Evolution Petroleum (AMEX: EPM) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Analysts are expecting Evolution Petroleum to report a loss of $0.02 per share. Revenue will likely be around $4.49 million, according to the consensus estimate. Evolution Petroleum earnings in the same period a year ago was $0.1 per share. Quarterly sales came in at $10.37 million. The Wall Street consensus estimate for earnings per share would represent a 120.0% decrease for the company. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2019 Q4 2019
EPS Estimate 0.05 0.07 0.08 0.08
EPS Actual 0.11 0.05 0.08 0.10
Revenue Estimate 9.11 M 9.90 M 9.62 M 10.38 M
Revenue Actual 7.71 M 9.38 M 9.15 M 10.37 M

Stock Performance

Over the last 52-week period, shares are down 57.36%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Evolution Petroleum is scheduled to hold the call at 10:00:00 ET and can be accessed here: http://www.webcaster4.com/Webcast/Page/2188/36736

 

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Posted-In: Earnings