Profire Energy Stock (NASDAQ:PFIE), Trade Ideas

Profire Energy

Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.

Profire Energy Inc

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported its Q4 earnings results on Wednesday, March 13, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Profire Energy beat estimated earnings by 75.0%, reporting an EPS of $0.07 versus an estimate of $0.04.
Revenue was up $400 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 3.0% increase in the share price the next day.
Here's a look at Profire Energy's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>0.03</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>0.06</td>
<td>0.05</td>
<td>0.04</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>14.79M</td>
<td>14.12M</td>
<td>12.35M</td>
<td>12.25M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>14.83M</td>
<td>14.44M</td>
<td>14.55M</td>
<td>14.00M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Profire Energy <a href="https://www.benzinga.com/quote/PFIE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

PFIE

Recap: Profire Energy Q4 Earnings

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.03 by 133.33 percent. The company reported quarterly sales of $14.400 million which missed the analyst consensus estimate of $14.615 million by 1.47 percent. This is a 2.86 percent increase over sales of $14.000 million the same period last year.

Earnings Beats

Earnings Misses

News

Profire Energy Q4 2023 GAAP EPS $0.07 Beats $0.03 Estimate, Sales $14.400M Miss $14.615M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Sangamo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) is likely to report quarterly loss at $0.26 per share on revenue of $8.10 million.
&bull; Silence Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLN#NASDAQ">SLN</a>) is expected to report earnings for its fourth quarter.
&bull; Optical Cable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCC#NASDAQ">OCC</a>) is likely to report earnings for its first quarter.
&bull; Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $22.50 million.
&bull; Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is estimated to report quarterly earnings at $2.65 per share on revenue of $8.67 billion.
&bull; Magic Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIC#NASDAQ">MGIC</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $117.50 million.
&bull; Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.62 billion.
&bull; iShares $ Corp Bond UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $4.73 million.
&bull; Aadi Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) is estimated to report quarterly loss at $0.65 per share on revenue of $6.29 million.
&bull; Moolec Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) is likely to report quarterly loss at $0.07 per share on revenue of $600 thousand.
&bull; ADC Therapeutics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NYSE">ADCT</a>) is likely to report quarterly loss at $0.50 per share on revenue of $15.33 million.
&bull; Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $118.00 million.
&bull; iSpecimen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) is expected to report quarterly loss at $0.24 per share on revenue of $3.04 million.
&bull; WideOpenWest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) is projected to report quarterly loss at $0.01 per share on revenue of $170.57 million.
&bull; Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is estimated to report earnings for its fourth quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $1.15 billion.
&bull; ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) is estimated to report quarterly loss at $1.29 per share on revenue of $1.28 billion.
&bull; ProFrac Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACDC#NASDAQ">ACDC</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $594.97 million.
&bull; Sharecare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHCR#NASDAQ">SHCR</a>) is likely to report quarterly loss at $0.06 per share on revenue of $114.99 million.
&bull; Village Farms Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) is likely to report quarterly loss at $0.02 per share on revenue of $69.79 million.
&bull; Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $136.05 million.
&bull; Global Indemnity Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBLI#NYSE">GBLI</a>) is likely to report quarterly earnings at $0.54 per share on revenue of $141.00 million.
<h3>Companies Reporting After The Bell</h3>
&bull; i-80 Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#AMEX">IAUX</a>) is estimated to report earnings for its fourth quarter.
&bull; RCM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCMT#NASDAQ">RCMT</a>) is expected to report quarterly earnings at $0.62 per share on revenue of $72.29 million.
&bull; Adams Resources &amp; Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AE#AMEX">AE</a>) is projected to report quarterly loss at $0.08 per share on revenue of $678.36 million.
&bull; Coherus BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRS#NASDAQ">CHRS</a>) is projected to report quarterly loss at $0.12 per share on revenue of $96.40 million.
&bull; Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $14.61 million.
&bull; Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $228.53 million.
&bull; MorphoSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOR#NASDAQ">MOR</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $67.89 million.
&bull; North American (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOA#NYSE">NOA</a>) is likely to report quarterly earnings at $0.74 per share on revenue of $248.81 million.
&bull; Pangaea Logistics Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANL#NASDAQ">PANL</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $140.16 million.
&bull; Quoin Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNRX#NASDAQ">QNRX</a>) is likely to report earnings for its fourth quarter.
&bull; VAALCO Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGY#NYSE">EGY</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $129.06 million.
&bull; SuRo Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSSS#NASDAQ">SSSS</a>) is projected to report quarterly loss at $0.14 per share on revenue of $1.10 million.
&bull; scPharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPH#NASDAQ">SCPH</a>) is projected to report quarterly loss at $0.42 per share on revenue of $5.52 million.
&bull; NextNav (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $1.19 million.
&bull; Hallador Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $199.20 million.
&bull; Spero Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRO#NASDAQ">SPRO</a>) is projected to report quarterly loss at $0.10 per share on revenue of $18.63 million.
&bull; Fossil Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOSL#NASDAQ">FOSL</a>) is likely to report earnings for its fourth quarter.
&bull; electroCore (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECOR#NASDAQ">ECOR</a>) is likely to report quarterly loss at $0.61 per share on revenue of $4.97 million.
&bull; OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $88.52 million.
&bull; Limbach Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMB#NASDAQ">LMB</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $129.37 million.
&bull; Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is estimated to report quarterly earnings at $2.20 per share on revenue of $7.39 billion.
&bull; Superior Gr of Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGC#NASDAQ">SGC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $142.86 million.
&bull; Turtle Beach (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) is estimated to report quarterly earnings at $0.60 per share on revenue of $111.60 million.
&bull; Cue Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLTH#NASDAQ">HLTH</a>) is likely to report quarterly loss at $0.44 per share on revenue of $17.68 million.
&bull; Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $130.76 million.
&bull; GrowGeneration (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) is likely to report quarterly loss at $0.13 per share on revenue of $45.52 million.
&bull; Anika Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIK#NASDAQ">ANIK</a>) is expected to report quarterly loss at $0.26 per share on revenue of $41.40 million.
&bull; FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $23.12 million.
&bull; BGSF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGSF#NYSE">BGSF</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $75.05 million.
&bull; Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) is expected to report quarterly loss at $0.63 per share on revenue of $36.55 million.
&bull; SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is projected to report quarterly loss at $0.04 per share on revenue of $169.53 million.
&bull; Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is projected to report quarterly loss at $0.09 per share on revenue of $18.95 million.
&bull; Logan Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRFC#NASDAQ">LRFC</a>) is likely to report quarterly earnings at $0.50 per share on revenue of $5.00 million.
&bull; KORU Medical Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRMD#NASDAQ">KRMD</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $6.94 million.
&bull; Portman Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTMN#NASDAQ">PTMN</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $19.04 million.
&bull; ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) is likely to report quarterly loss at $0.11 per share on revenue of $3.54 million.
&bull; UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is estimated to report quarterly earnings at $0.16 per share on revenue of $383.83 million.
&bull; Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) is projected to report quarterly loss at $29.60 per share on revenue of $232.00 million.
&bull; Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) is projected to report earnings for its third quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AADI

ACDC

ADCT

ANIK

ARCO

BGSF

BOXL

CHRS

DLTR

ECOR

FOSL

FTCI

GBLI

GORO

GRWG

HEAR

HLTH

HNRG

IAUX

ISPC

JWEL

KRMD

LQDA

LRFC

MGIC

MLEC

Morgan Stanley Capital Protected Notes for S&P 500 Index

NVGS

OPAL

OPTT

PANL

PATH

PESI

PTMN

QNRX

RCMT

SCPH

SGMO

SHCR

SPRO

SSSS

TOUR

WOOF

Earnings Scheduled For March 13, 2024

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement.
Analysts estimate that Profire Energy will report an earnings per share (EPS) of $0.04. 
Profire Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 3.39% increase in the share price the next day.
Here's a look at Profire Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>0.03</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>0.06</td>
<td>0.05</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>3.0%</td>
<td>16.0%</td>
<td>13.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710266452_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Profire Energy were trading at $1.43 as of March 11. Over the last 52-week period, shares are up 29.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PFIE/earnings">To track all earnings releases for Profire Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Profire Energy Earnings Preview

<h3>What are Value Stocks?</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>Below is a list of notable value stocks in the energy sector:</h2>
<ol>
<li>Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) - P/E: 8.95</li>
<li>Drilling Tools Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTI#NASDAQ">DTI</a>) - P/E: 5.87</li>
<li>North European Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRT#NYSE">NRT</a>) - P/E: 2.45</li>
<li>Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) - P/E: 5.56</li>
<li>Smart Sand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) - P/E: 6.6</li>
</ol>
Most recently, Profire Energy reported earnings per share at $0.04, whereas in Q2 earnings per share sat at $0.06. This quarter, Drilling Tools Intl experienced an increase in earnings per share, which was $0.05 in Q2 and is now $0.14. Most recently, North European Oil reported earnings per share at $0.0, whereas in Q3 earnings per share sat at $0.21. The company's most recent dividend yield sits at 5.61%, which has decreased by 25.0% from 30.61% last quarter. 
Most recently, Marathon Petroleum reported earnings per share at $8.14, whereas in Q2 earnings per share sat at $5.32. The company's most recent dividend yield sits at 2.22%, which has decreased by 0.11% from 2.33% last quarter. 
Smart Sand has reported Q3 earnings per share at $0.18, which has increased by 5.88% compared to Q2, which was 0.17. 
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.

5 Value Stocks In The Energy Sector

<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>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>KLX Energy Services Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLXE#NASDAQ">KLXE</a>) - P/E: 3.14</li>
<li>Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) - P/E: 9.61</li>
<li>Vitesse Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) - P/E: 7.83</li>
<li>Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) - P/E: 9.84</li>
<li>Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) - P/E: 3.2</li>
</ol>
KLX Energy Services Hldgs has reported Q3 earnings per share at $0.51, which has decreased by 37.04% compared to Q2, which was 0.81. Eni has reported Q3 earnings per share at $1.18, which has decreased by 4.84% compared to Q2, which was 1.24. The company's most recent dividend yield sits at 3.31%, which has decreased by 0.15% from 3.46% last quarter. 
Vitesse Energy saw an increase in earnings per share from 0.35 in Q2 to $0.38 now. The company's most recent dividend yield sits at 8.44%, which has increased by 0.27% from 8.17% last quarter. 
Profire Energy saw a decrease in earnings per share from 0.06 in Q2 to $0.04 now. Most recently, Teekay Tankers reported earnings per share at $2.24, whereas in Q2 earnings per share sat at $4.38. The company's most recent dividend yield sits at 1.95%, which has decreased by 0.36% from 2.31% last quarter. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

KLXE

5 Value Stocks To Watch In The Energy Sector

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.04 per share which met the analyst consensus estimate. This is a 100 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $14.83 million which beat the analyst consensus estimate of $14.79 million by 0.26 percent. This is a 15.59 percent increase over sales of $12.83 million the same period last year.

Profire Energy Q3 EPS $0.04, Inline, Sales $14.83M Beat $14.79M Estimate

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-11-08. Here's what investors need to know before the announcement.
Analysts estimate that Profire Energy will report an earnings per share (EPS) of $0.04. 
Profire Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 3.25% increase in the share price the next day.
Here's a look at Profire Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.03</td>
<td>0.02</td>
<td>0.02</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.06</td>
<td>0.05</td>
<td>0.04</td>
<td>0.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.25%</td>
<td>15.79%</td>
<td>12.73%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699387342_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Profire Energy were trading at $1.7 as of November 06. Over the last 52-week period, shares are up 61.36%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PFIE/earnings">To track all earnings releases for Profire Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Profire Energy's Earnings: A Preview

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Shares of energy stocks are trading lower amid a drop in oil prices.

<h3>Gainers</h3>
<ul>
<li>Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) jumped 95.2% to $3.7280. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) shares climbed 73.6% to $0.3230 after the company announced it executed strategic agreements with Ormco and On Demand Orthodontist to provide Spark Clear Aligners to its national network of providers.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) shares climbed 39.7% to $6.72.</li>
<li>Histogen Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsto#NASDAQ">HSTO</a>) gained 27% to $0.6350.</li>
<li>Pixelworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pxlw#NASDAQ">PXLW</a>) gained 22% to $1.3100 after reporting preliminary revenue results for the third quarter.</li>
<li>Brainstorm Cell Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcli#NASDAQ">BCLI</a>) shares rose 18.5% to $0.2016 after falling 15% on Tuesday. Brainstorm Cell Therapeutics recently announced the FDA Advisory Committee voted that NurOwn did not demonstrate substantial evidence of effectiveness for treatment of mild to moderate ALS.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) gained 16% to $2.0873. BranchOut pre-announced third-quarter revenue of roughly $1.1 million.</li>
<li>KWESST Micro Systems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kwe#NASDAQ">KWE</a>) climbed 13% to $1.82.</li>
<li>Air Industries Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/airi#NYSE">AIRI</a>) gained 13% to $3.2699.</li>
<li>LightPath Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpth#NASDAQ">LPTH</a>) climbed 11.2% to $1.59.</li>
<li>Globus Maritime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glbs#NASDAQ">GLBS</a>) shares climbed 10.1% to $0.2439. Globus Maritime regained compliance with NASDAQ&#39;s minimum closing bid price.</li>
<li>Star Equity Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strr#NASDAQ">STRR</a>) gained 9.8% to $1.0105.</li>
<li>Accuray Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aray#NASDAQ">ARAY</a>) climbed 9.8% to $2.85. Accuray announced approval of the Tomo C radiation treatment delivery system by the Chinese National Medical Products Administration.</li>
<li>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>) shares jumped 9.3% to $0.4490. CalAmp is expected to release its fiscal 2024 second quarter financial results on Oct. 5, 2023.</li>
<li>FLJ Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flj#NASDAQ">FLJ</a>) shares surged 9% to $0.2439. FLJ Group recently entered into a definitive agreement to acquire Lianlian Holdings Inc.</li>
<li>LiveVox Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lvox#NASDAQ">LVOX</a>) climbed 8.1% to $3.61 after NICE announced it will acquire the company.</li>
<li>Acuity Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ayi#NYSE">AYI</a>) rose 6.6% to $178.48 following better-than-expected quarterly earnings.</li>
<li>Brooge Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brog#NASDAQ">BROG</a>) shares rose 6.6% to $5.85 after the company announced GULFNAV submitted a proposal to acquire all of its businesses and assets.</li>
<li>RPM International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) gained 6.3% to $98.65 after the company reported better-than-expected first-quarter financial results and issued guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Molekule Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mkul#NASDAQ">MKUL</a>) dipped 30.5% to $0.1425. Molekule Group and its subsidiary have filed for Chapter 11 bankruptcy and will operate as a debtor in possession, seeking a credit facility of $5 million from dip lenders including Foundry Group Next, Armistice Capital Master Fund, SVBC, Bridge Coast Capital.</li>
<li>A10 Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aten#NYSE">ATEN</a>) fell 29.7% to $10.66 after the company reported preliminary third-quarter financial results. The company sees quarterly revenue of $56.5 million-$58.5 million, vs. consensus of $74.65 million.</li>
<li>Inhibikase Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ikt#NASDAQ">IKT</a>) declined 26.4% to $1.0299. Inhibikase Therapeutics received FDA orphan drug designation for risvodetinib for the treatment of multiple system atrophy.</li>
<li>Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) shares fell 26.6% to $2.90 after the company announced a $3 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Beneficient (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/benf#NASDAQ">BENF</a>) fell 23.8% to $1.92.</li>
<li>Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) dipped 21.5% to $6.51. Jefferies downgraded Trinseo from Buy to Hold and lowered the price target from $22 to $9.</li>
<li>Profire Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfie#NASDAQ">PFIE</a>) fell 19.9% to $2.16.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) fell 17.4% to $0.2066 trading after the company announced a 1-for-25 reverse stock split to regain compliance with Nasdaq&#39;s minimum bid price requirement.</li>
<li>VIQ Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vqs#NASDAQ">VQS</a>) fell 16.6% to $0.1390 after gaining 27% on Tuesday. Last Wednesday, VIQ Solutions announced the delisting of its stock from the Nasdaq and the resignation of its director.</li>
<li>The Dixie Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyn#NASDAQ">DXYN</a>) dipped 16.4% to $0.6011.</li>
<li>Amprius Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ampx#NYSE">AMPX</a>) fell 16.3% to $4.21.</li>
<li>ALX Oncology Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alxo#NASDAQ">ALXO</a>) declined 16.2% to $6.30. Cantor Fitzgerald maintained ALX Oncology Holdings with an Overweight and raised the price target from $18 to $23.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) fell 15% to $2.3205.</li>
<li>bioAffinity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biaf#NASDAQ">BIAF</a>) fell 12.4% to $1.13. Biofrontera announced preliminary third-quarter revenues of $8.7 million to $9 million.</li>
<li>AgileThought, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agil#NASDAQ">AGIL</a>) shares fell 11.7% to $0.1501 after gaining over 6% on Tuesday.</li>
<li>Allego N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/allg#NYSE">ALLG</a>) fell 11% to $2.2669.</li>
<li>B&amp;G Foods, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bgs#NYSE">BGS</a>) shares declined 10.8% to $8.45. Piper Sandler downgraded B&amp;G Foods from Neutral to Underweight and lowered the price target from $14 to $8.</li>
<li>IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>) fell 10.5% to $6.01. IGM Biosciences announced retirement of Chairman Michael Loberg effective Oct. 3.</li>
<li>Trinity Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trn#NYSE">TRN</a>) tumbled 9.8% to $21.04. Trinity Industries reported deliveries of 4,325 new railcars in the third quarter, 685 units below its projection due to closing of US-Mexico border.</li>
<li>Femasys Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/femy#NASDAQ">FEMY</a>) fell 9.3% to $2.2587 after dipping 36% on Tuesday. The stock has been <a href="https://www.benzinga.com/money/most-volatile-stocks/">volatile</a> since the company received FDA 510(k) clearance for FemaSeed, an infertility treatment, towards the end of September.</li>
<li>Kronos Worldwide, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kro#NYSE">KRO</a>) declined 9.1% to $6.69. Barclays maintained Kronos Worldwide with an Underweight and lowered the price target from $7 to $6.</li>
<li>Helen of Troy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hele#NASDAQ">HELE</a>) fell 8.6% to $103.84 after the company reported second-quarter financial results and issued guidance.</li>
<li>Cal-Maine Foods, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/calm#NASDAQ">CALM</a>) fell 7.6% to $43.90 after the company posted weaker-than-expected sales for its first quarter on Tuesday.</li>
<li>GSE Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvp#NASDAQ">GVP</a>) fell 7.4% to $0.1916.</li>
<li>Novartis AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvs#NYSE">NVS</a>) shares fell 4.2% to $95.28. Novartis announced it completed the spin-off of Sandoz unit.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/10/35086733/top-5-health-care-stocks-that-may-plunge-in-october"> Top 5 Health Care Stocks That May Plunge In October </a>

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Why Cal-Maine Foods Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Roth MKM analyst John White maintains Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) with a Buy and raises the price target from $1.5 to $3.5.

Price Target

Analyst Ratings

Roth MKM Maintains Buy on Profire Energy, Raises Price Target to $3.5

The most overbought stocks in the energy sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Profire Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfie#NASDAQ">PFIE</a>)</h3>
<ul>
<li>Profire Energy posted better-than-expected quarterly results. &ldquo;Our second quarter results reflect the sustained momentum across our business which contributed to a 50 percent increase in revenue over the prior year and the highest quarterly net income and EBITDA in company history,&rdquo; said Ryan Oviatt, Co-Chief Executive Officer and CFO of Profire Energy. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/PFIE">52-week high of $2.93. </a>.</li>
<li>RSI Value: 78.97</li>
<li>PFIE Price Action: Shares of Profire Energy fell 4.6% to close at $2.68 on Thursday.</li>
</ul>
<h3>Uranium Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uec#NYSE">UEC</a>)</h3>
<ul>
<li>Uranium Energy disclosed the completion of the deal with Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>), for buying a portfolio of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada, for C$1.5 million. Amir Adnani, President and CEO said, &quot;This is our third acquisition in the Athabasca Basin in the last 12-months and builds on the landmark acquisitions of UEX and the Roughrider project. This acquisition represents an important component in our strategy to assemble a premier North American uranium portfolio, featuring near-term US production, Canadian development-stage projects including joint ventures, and a pipeline of exploration projects with excellent growth potential.&quot; The company&rsquo;s <a href="https://www.benzinga.com/quote/UEC"> stock has a 52-week high </a> of $4.62.</li>
<li>RSI Value: 74.15</li>
<li>UEC Price Action: Shares of Uranium Energy fell 1.4% to close at $4.32 on Thursday.</li>
</ul>
<h3>Helix Energy Solutions Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlx#NYSE">HLX</a>)</h3>
<ul>
<li>Helix Energy Solutions Group reported better-than-expected second-quarter financial results. Owen Kratz, President and Chief Executive Officer of Helix, stated, &ldquo;The offshore energy services markets continue to improve with the oil and gas and the renewables markets driving increased activity globally and across all our business segments.&rdquo; The company has a <a href="https://www.benzinga.com/quote/HLX"> 52-week high </a> of $10.43.</li>
<li>RSI Value: 74.09</li>
<li>HLX Price Action: Shares of Helix Energy fell 0.5% to close at $10.14 on Thursday.</li>
</ul>
<h3>Targa Resources Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>)</h3>
<ul>
<li>Targa Resources reported downbeat quarterly sales. The company&rsquo;s 52-week high is $87.26.</li>
<li>RSI Value: 70.29</li>
<li>TRGP Price Action: Shares of Targa Resources gained 0.1% to close at $86.25 on Thursday.</li>
</ul>
<h3>SFL Corporation Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sfl#NYSE">SFL</a>)</h3>
<ul>
<li>SFL reported second-quarter revenue of $164.56 million, which missed the consensus of $175.23 million. Ole B. Hjertaker, CEO of SFL Management AS, said, &ldquo;Over the last decade, SFL has transformed from a financial leasing provider to a maritime infrastructure company with the majority of assets on long term time charters to end users.&rdquo; The company <a href="https://www.benzinga.com/quote/SFL"> has a 52-week high </a> of $11.39.</li>
<li>RSI Value: 81.13</li>
<li>SFL Price Action: Shares of SFL Corporation rose 0.1% to settle at $11.30 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/23/08/34145342/check-out-3-high-yielding-dividend-stocks-in-materials-sector-from-wall-streets-most-accurate-analys"> Check Out 3 High-Yielding Dividend Stocks In Materials Sector From Wall Street&#39;s Most Accurate Analysts </a>

Short Ideas

Pre-Market Outlook

Top 5 Energy Stocks That May Implode This Quarter

Rumors

Watching Profire Energy; Hearing Navalier Newsletter Buys Stock

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.03 by 100 percent. This is a 500 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $14.44 million which beat the analyst consensus estimate of $14.12 million by 2.29 percent. This is a 49.94 percent increase over sales of $9.63 million the same period last year.

Profire Energy Q2 EPS $0.06 Beats $0.03 Estimate, Sales $14.44M Beat $14.12M Estimate

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Earnings Scheduled For August 9, 2023

Profire Energy shares are trading higher after the company reported better-than-expected Q1 EPS and sales results.

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:10 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Profire Energy beat estimated earnings by 150.0%, reporting an EPS of $0.05 versus an estimate of $0.02.
Revenue was up $5.05 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.02 which was followed by a 12.73% increase in the share price the next day.
Here's a look at Profire Energy's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.02</td>
<td>0.02</td>
<td>0.01</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>0.02</td>
<td>0.01</td>
<td>0.01</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>12.25M</td>
<td>12.50M</td>
<td>8.59M</td>
<td>7.03M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>14.00M</td>
<td>12.83M</td>
<td>9.63M</td>
<td>9.50M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Profire Energy <a href="https://www.benzinga.com/quote/PFIE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Profire Energy: Q1 Earnings Insights

Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.02 by 150 percent. This is a 400 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $14.55 million which beat the analyst consensus estimate of $12.35 million by 17.84 percent. This is a 53.14 percent increase over sales of $9.50 million the same period last year.

Profire Energy Q1 EPS $0.05 Beats $0.02 Estimate, Sales $14.55M Beat $12.35M Estimate

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro,</a> during Q4, Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) earned $1.83 million, a 50.74% increase from the preceding quarter. Profire Energy also posted a total of $14.00 million in sales, a 9.13% increase since Q3. Profire Energy earned $1.21 million, and sales totaled $12.83 million in Q3.
<h3>What Is Return On Capital Employed?</h3>
Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q4, Profire Energy posted an ROCE of 0.04%.
It is important to keep in mind that ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future. 
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Profire Energy is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For Profire Energy, the positive return on capital employed ratio of 0.04% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
<h3>Analyst Predictions</h3>
Profire Energy reported Q4 earnings per share at $0.04/share, which beat analyst predictions of $0.02/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Profire Energy Earnings Perspective: Return On Capital Employed