Geospace Technologies Stock (NASDAQ: GEOS)

Geospace Technologies (NASDAQ:GEOS) Stock, Quote.Headers.trade-ideas

Geospace Technologies

Geospace Technologies Corp is engaged in designing and manufacturing of seismic instruments and non-seismic equipment used in the oil and gas industry. The company has three different segments: oil and gas markets, adjacent markets, and emerging markets. The oil and gas markets segment, which accounts for the majority of the company's revenue, includes traditional exploration products, wireless exploration products, and reservoir characterization products and services. The adjacent markets business is closely tied to the oil and gas markets and includes imaging products and industrial products. The company operates globally across Asia, Canada, Europe, South America and others with more than half of revenue generated within the United States.

Internet,Starlink,Satellite,In,Space,Near,Earth.,3d,Render

News

Emerging Markets

Markets

Tech

General

AMZN

GEOS

TLGPY

TMUS

TSAT

VSAT

Starlink Revenue Is 11% Of What Elon Musk Promised Investors In 2015

Short Ideas

Small Cap

Pre-Market Outlook

Trading Ideas

PNRG

REPX

The most overbought stocks in the energy sector presents an opportunity to go short on these overvalued companies.

Top 4 Energy Stocks That Could Sink Your Portfolio In Q2

Top 2 Energy Stocks That May Crash In Q1 2023

Geospace Technologies Corporation - Common Stock

Geospace Technologies Corp

GEOSOLAR TECHNOLOGIES INC by GEOSOLAR TECHNOLOGIES, INC.

Geosolar Technologies Inc

GEOSPATIAL CORPORATION by Geospatial Corporation

Geospatial Corp

Geospace Technologies Announces Realignment Into Three New Business Segments: Smart Water, Energy Solutions, And Intelligent Industrial

Contracts

Geospace Technologies Announces An OBX-750E Rental Contact With A Geophysical Solution Provider, Min. Value $11.9M

Geospace Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) today announced the sale of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.geospace.com%2Fproducts%2Fmarine-exploration%2Fobx-750e%2F&amp;esheet=54114142&amp;newsitemid=20240827567717&amp;lan=en-US&amp;anchor=OBX-750E&amp;index=1&amp;md5=322764c7a4c78d08758bdf4b60ef8972">OBX-750E</a> seabed ocean bottom wireless seismic data acquisition nodes to SAExploration, an international marine geophysical services provider. Based on current contract terms, the value of the agreement is estimated at $10.5 million. SAExploration exercised an option in the Company's rental agreement to purchase the OBX-750E nodes under this contract.

Geospace Technologies Announces The Sale Of OBX-750E Seabed Ocean Bottom Wireless Seismic Data Acquisition Nodes To SAExploration; Value Of The Agreement Is Estimated At $10.5M

Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) reported quarterly losses of $(0.16) per share. This is a 166.67 percent decrease over earnings of $0.24 per share from the same period last year. The company reported $25.86 million in sales this quarter. This is a 20.96 percent decrease over sales of $32.72 million the same period last year.

Earnings

Geospace Technologies Q3 EPS $(0.16) Down From $0.24 YoY, Sales $25.86M Down From $32.72M YoY

Geospace Technologies To Join Russell 2000, Russell 3000 and Russell Micro-Cap Indexes

WIIM

Geospace Technologies shares are trading lower after the company reported a year-over-year decrease in Q2 financial results.

Management

Geospace Technologies Appoints Richard Kelley As Chief Operating Officer

Stock Repurchase Program
The Company also announced that its Board of Directors has authorized a stock repurchase program under which the Company may purchase up to $5 million of its outstanding common stock. Under the repurchase program, the Company may purchase shares of common stock on a discretionary basis from time to time through open market transactions through block trades, in privately negotiated transactions and pursuant to any trading plan that may be adopted by the Company's management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise.

Buybacks

Geospace Technologies Company Announces $5M Stock Repurchase Program

Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) reported quarterly losses of $(0.32) per share. This is a 191.43 percent decrease over earnings of $0.35 per share from the same period last year. The company reported $24.27 million in sales this quarter. This is a 22.63 percent decrease over sales of $31.37 million the same period last year.

Geospace Technologies Q2 EPS $(0.32) Down From $0.35 YoY, Sales $24.27M Down From $31.37M YoY

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:</h2>
<ol>
<li>Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRP#NYSE">NRP</a>) - P/E: 7.27</li>
<li>Helmerich &amp; Payne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) - P/E: 9.27</li>
<li>Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) - P/E: 7.05</li>
<li>Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) - P/E: 6.75</li>
<li>Chesapeake Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>) - P/E: 4.95</li>
</ol>
Natural Resources's earnings per share for Q3 sits at $2.91, whereas in Q2, they were at 2.49. Its most recent dividend yield is at 3.43%, which has decreased by 0.77% from 4.2% in the previous quarter.
This quarter, Helmerich &amp; Payne experienced an increase in earnings per share, which was $0.69 in Q4 and is now $0.97. Civitas Resources has reported Q3 earnings per share at $1.56, which has decreased by 9.3% compared to Q2, which was 1.72. Geospace Technologies's earnings per share for Q1 sits at $0.94, whereas in Q4, they were at 0.33. Most recently, Chesapeake Energy reported earnings per share at $1.31, whereas in Q3 earnings per share sat at $1.09. Its most recent dividend yield is at 0.42%, which has decreased by 2.27% from 2.69% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CIVI

5 Value Stocks To Watch In The Energy Sector

Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) reported quarterly earnings of $0.94 per share. This is a 9500 percent increase over losses of $(0.01) per share from the same period last year. The company reported $50.00 million in sales this quarter. This is a 60.73 percent increase over sales of $31.11 million the same period last year.

Geospace Technologies Q1 EPS $0.94 Up From $(0.01) YoY, Sales $50.00M Up From $31.11M YoY

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.geospace.com%2F&amp;esheet=53876842&amp;newsitemid=20240103592776&amp;lan=en-US&amp;anchor=Geospace+Technologies&amp;index=1&amp;md5=f4c9302c9ead2ffad2ac8ae4f438cc01">Geospace Technologies</a> Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) today announced a $30 million contract with an international marine geophysical services provider for the purchase of the Company's latest shallow water ocean bottom nodes known as Mariner&#x2122;. This contract replaces the approximately $20 million contract announced in June 2023. Delivery of the Mariner products is complete, and revenue will be recognized in the first quarter of the fiscal year 2024.
"The marine survey activity we are observing through our customers is highly encouraging for us, especially in light of the recent releases of our advanced ocean bottom node products - Mariner&#x2122; and Aquanaut&#x2122;," said Walter R. Wheeler, President and CEO, Geospace Technologies. "As a manufacturing-centric company, we're always pleased when a customer purchases our products. While the consolidation of our Houston operation allowed us to significantly lower costs and streamline our equipment rental operations, we are still an organization built around the manufacture and sale of equipment."
Mariner is a shallow water seabed seismic data acquisition node designed with inductive charging and data download, which makes it a connector-free device. The USA designed and manufactured node continuously records for up to 70 days and offers accelerated recharging times. The device was engineered with a slimmer profile than industry standards to create space savings on seismic survey vessels, allowing contractors to fit up to 25% more nodes into a download/charge container.

Asset Sales

Geospace Technologies Sells $30M In Ocean Bottom Nodes; Contract Replaces The Approximately $20M Contract Announced In June 2023

Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) reported quarterly earnings of $0.33 per share. This is a 153.23 percent increase over losses of $(0.62) per share from the same period last year. The company reported $29.32 million in sales this quarter. This is a 13.31 percent increase over sales of $25.87 million the same period last year.

Geospace Technologies Q4 EPS $0.33 Up From $(0.62) YoY, Sales $29.32M Up From $25.87M YoY

Starlink is falling short of promises made to investors eight years ago — by about $10.6 billion in annual revenue.
The satellite internet division of spacecraft manufacturer SpaceX is operating in a world that is more complex than what founder Elon Musk might have envisioned almost <a href="https://www.benzinga.com/topic/starlink">a decade ago</a>.
According to internal documents <a href="https://www.wsj.com/tech/spacexs-starlink-demonstrates-its-power-but-still-needs-growth-9906c5b0?mod=hp_lead_pos6">reviewed</a> by the WSJ, Starlink made $1.4 billion in revenue for 2022. Yet in 2015, a presentation used to attract investors to SpaceX said its satellite division would be making $12 billion in revenue and $7 billion in operating profit by the same year.
Space X is privately held, which makes its financial records difficult to access, as opposed to Elon Musk's publicly listed electric vehicle manufacturer Tesla. With <a href="https://www.benzinga.com/news/23/06/32996062/elon-musks-spacex-reportedly-eyeing-150b-valuation-by-selling-insider-shares">a recent valuation of $150 billion</a>, investors looking at sectors like telecommunications and space exploration are closely monitoring SpaceX <a href="https://www.benzinga.com/news/23/04/31881845/is-starlink-going-public-rumors-swirl-as-elon-musks-spacex-unit-eyes-profitability">with expectations of it going public</a>. Musk said in 2021 that Starlink alone will IPO once cash flow becomes reasonably predictable.
Starlink&#8217;s Financial Picture: The company is still operating at a loss. In 2022 SpaceX lost $559 million <a href="https://www.benzinga.com/news/23/08/33910424/elon-musks-secretive-spacex-valuation-at-par-with-intel-disney-reports-narrower-fy22-loss">against total revenue of $4.6 billion</a>. It recently became known that <a href="https://www.benzinga.com/news/23/09/34259128/elon-musk-secured-1b-loan-from-spacex-in-same-month-of-twitter-acquisition-report">Musk took a $1-billion loan from SpaceX</a> to finance his purchase of Twitter, later rebranded to X. 
Starlink had about 1 million active subscribers globally at the end of 2022. For context, AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) had over 70 million postpaid mobile internet subscribers in the U.S alone during the first quarter of 2023.
While the reasons behind the lag in reaching expected margins are plentiful, most are related to difficulties finding a solid client base and issues maintaining steady sources of operating capital.
Starlink&#8217;s Worldwide Plans: he idea of providing "high-speed, low-latency broadband internet in remote and rural locations across the globe" can be very attractive as a sales pitch, but most internet users are not in need of the service. 
Starlink internet is available in 60 countries, including all of North America, most of Europe, Australia and Japan and a handful of countries in South America, Africa and Asia. <a href="https://www.benzinga.com/news/23/04/31881845/is-starlink-going-public-rumors-swirl-as-elon-musks-spacex-unit-eyes-profitability">India is expected to come online soon</a>.
The paradox that Starlink faces is that the majority of people living in those countries reside in urban areas where access to high speed internet always comes cheaper than the basic fee of $120 for the Starship Residential plan, or higher fees for corporate plans.
While Starlink has explored multiple client opportunities across remote-access industries, like off-shore oil rigs and international shipping, the company is still pursuing end consumers by striking deals <a href="https://www.benzinga.com/news/22/08/28643154/musks-spacex-collaborates-with-t-mobile-to-put-an-end-to-cell-phone-dead-zones">with third-party distributors like T-Mobile</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and offering its standard kit at chain retailers like Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>).
While the company's mission is to provide internet to the most remote areas of the world, that may not be as profitable as a business strategy. Musk was praised when the company <a href="https://www.benzinga.com/news/22/12/30155685/ukraine-minister-praises-elon-musks-quick-reaction-says-spacex-will-deliver-10-000-starlink-antennas">made Starlink available in remote frontlines of war-torn Ukraine</a>, though he later <a href="https://www.benzinga.com/news/23/09/34382074/elon-musk-faces-ukraines-ire-for-starlink-ban-amid-counteroffensive-russia-commends-his-action">pulled back some of the aid provided</a>. This week, Musk spoke about <a href="https://www.benzinga.com/news/23/09/34508047/elon-musk-shares-reasons-for-not-helping-ukraine-in-surprise-attack-they-were-asking-us-to-take-part">his services being used in war efforts</a>.
Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) could soon become a competitor for Starlink. The internet and e-commerce giant<a href="https://www.benzinga.com/news/23/07/33324060/amazons-project-kuiper-rivalry-with-spacexs-starlink-intensifies-with-120m-investment-in-kennedy-spa"> is planning a network of 3,236 low-Earth satellites</a> providing internet access via its Project Kuiper.
SpaceX is the major satellite launcher in the U.S., providing launch services through its rockets to companies competing with Starlink. Several competitors providing satellite constellations for internet access are publicly traded. These include Viasat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>), Telesat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSAT#NASDAQ">TSAT</a>), Geospace Technologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) and Telstra Group Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLGPY#OTC">TLGPY</a>).
Shutterstock image.

Geospace Technologies Secures $5.7M Sensor Contract From An International Seismic Contractor

Geospace Technologies Launches Aquanaut Low Frequency Ocean Bottom Node

Geospace Technologies Inks $3M Mariner Rental Agreement

Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) reported quarterly earnings of $0.24 per share. This is a 147.06 percent increase over losses of $(0.51) per share from the same period last year. The company reported $32.72 million in sales this quarter. This is a 58.11 percent increase over sales of $20.69 million the same period last year.

Geospace Technologies Q3 EPS $0.24 Up From $(0.51) YoY, Sales $32.72M Up From $20.69M YoY

First Significant Rental Contract with the Newly Released Mariner&reg; Product
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.geospace.com%2F&amp;esheet=53434929&amp;newsitemid=20230627428860&amp;lan=en-US&amp;anchor=Geospace+Technologies+Corporation&amp;index=1&amp;md5=02683585ed85bdafa6023b80725aca45">Geospace Technologies Corporation</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) today announced an extended duration rental contract with an international marine geophysical services provider who will rent the new product,&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.geospace.com%2Fproducts%2Fmarine-exploration%2Fmariner%2F&amp;esheet=53434929&amp;newsitemid=20230627428860&amp;lan=en-US&amp;anchor=Mariner&amp;index=2&amp;md5=5024bf4b63f1e4ccfd8f47f4e70aaf09">Mariner</a>&reg;, shallow water seabed wireless seismic data acquisition nodes. Based on current contract terms, including potential options, the estimated value of the agreement is expected to reach&nbsp;$20 million. The delivery of Mariners will occur in Geospace&#39;s&nbsp;first quarter&nbsp;of fiscal year 2024.
&quot;Having only launched the Mariner less than a year ago, we&#39;re thrilled to see the rapid market adoption of our next generation shallow seabed node. We appreciate the validation of our advanced technology that this sizable rental contract from a valuable customer represents,&quot; said Walter R. Wheeler, President and CEO, Geospace Technologies. &quot;As evidenced by our profitable&nbsp;second quarter&nbsp;of fiscal year 2023, our ocean bottom node rental revenue has reached pre-pandemic levels. Ever increasing market demand merited the addition of these next generation nodes to our fleet, which has reached near full utilization over the last 18 months. We remain vigilant in our thorough examination and understanding of this market over the long term and how best to deploy our capital in future investments.&quot;
Mariner is a shallow water seabed seismic data acquisition node designed with inductive charging and data download, which makes it a connector-free device. The USA designed and manufactured node continuously records for up to 70 days and offers accelerated recharging times. The device was engineered with a slimmer profile than industry standards to create space savings on seismic survey vessels, allow contractors to fit up to&nbsp;25%&nbsp;more nodes into a download/charge container.

Geospace Technologies Signs Major Shallow Water Ocean Bottom Node Rental Contract For $20M; Delivery Of Mariners Will Occur In Geospace's Q1 Of FY24

Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) reported quarterly earnings of $0.35 per share. This is a 418.18 percent increase over losses of $(0.11) per share from the same period last year. The company reported $31.37 million in sales this quarter. This is a 27.00 percent increase over sales of $24.70 million the same period last year.

Geospace Technologies Q2 EPS $0.35 Up From $(0.11) YoY, Sales $31.37M Up From $24.70M YoY

Geospace Technologies Will Likely Move Sideways For Now (Rating Downgrade)

Aemetis, ARQ among energy and utility sector additions in Russell 3000; ESS Tech, Artesian removed

Geospace Technologies joins Russell 2000, Russell 3000 and Russell Micro-Cap Indexes

Geospace Technologies GAAP EPS of -$0.16, revenue of $25.8M

Geospace Technologies (GEOS) has provided an announcement. The Company is ushering in a new era of leadership as Richard Kelley steps up as Preside...

Geospace Technologies Announces New CEO and Expanded Buyback Program

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Geospace Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/geos-stock-quote/">GEOS</a>) just reported results for the third quarter of 2024.<ul><li>Geospace Technologies reported earnings per share of -16 cents.</li><li>The company reported revenue of $25.86 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/geos-stock-earnings-geospace-technologies-for-q3-of-2024/">GEOS Stock Earnings: Geospace Technologies Reported Results for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

GEOS Stock Earnings: Geospace Technologies Reported Results for Q3 2024

Geospace Technologies Corporation (GEOS) Q3 2024 Earnings Call Transcript

Geospace receives $11.9M worth rental contract

Geospace Technologies Will Look To Bank On The Upside

Geospace Technologies realigns business segments

AMSC

AMTX

ARTNA

FREY

FTCI

GEVO

KLXE

LICY

MAXN

MTRX

NPWR

OPAL

PESI

QRHC

SMXT

TELL

VNOM

VTNR

Press Releases

Geospace Technologies Corporation Reports Profitable First Quarter of Fiscal Year 2024 and Highest Quarterly Revenue in Nearly Ten Years

Geospace Technologies Releases Lightweight, Long Lasting Land Seismic Data Acquisition Node

Geospace Technologies Schedules Second Quarter of Fiscal Year 2024 Earnings Call

Geospace Technologies Corporation Reports Second Quarter and Six-Month 2024 Earnings

Geospace Technologies Joins Russell 2000®, Russell 3000® and Russell Micro-Cap Indexes

Geospace Technologies Schedules Third Quarter of Fiscal Year 2024 Earnings Call

Geospace Technologies Corporation Reports Third Quarter and Nine-month 2024 Earnings

Geospace Technologies Closes Ocean Bottom Node Purchase Contract With Estimated Value of $10.5 Million

Geospace Technologies Signs $11.9 Million OBX Rental Agreement

Geospace Technologies Realigns Business Segments to Reflect Strategic Focus

DMC Glb

Drilling Tools International Corporation - Common Stock

Drilling Tools Intl

Dawson Geophysical Company - Common Stock

Dawson Geophysical

ENGlobal

Enservco

Energy Services of America Corporation - Common Stock

Energy Servs of America

Forum Energy Technologies, Inc. Common Stock

Forum Energy Technologies

Gulf Island Fabrication, Inc. - Common Stock

Gulf Island Fabrication

KLX Energy Services Holdings, Inc. - Common Stock

KLX Energy Services Hldgs

MIND Technology

NCS Multistage Holdings, Inc. - Common Stock

NCS Multistage Holdings

Natural Gas Services Group, Inc. Common Stock

Natural Gas Services Gr

Nine Energy Service

Newpark Resources

Oil States International, Inc. Common Stock

Oil States International

Profire Energy

Recon Technology, Ltd. - Class A Ordinary Shares

Recon Technology

Ranger Energy Services, Inc. Class A Common Stock

Ranger Energy Services

Solaris Energy Infrastructure, Inc. Class A Common Stock

Solaris Energy

Seacor Marine Hldgs

Smart Sand

Tetra Technologies

Mammoth Energy Services, Inc. - Common Stock

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Geospace Technologies

Geospace Technologies (GEOS) Forecast

Geospace Technologies (NASDAQ:GEOS) Stock, Quote.Headers.trade-ideas