OYO Geospace Shares Popped: What You Need to Know (OYOG)

OYO Geospace Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of equipment maker OYO Geospace (Nasdaq: OYOG ) jumped 10% today after the company released earnings.

So what: Revenue rose to $50.7 million in the first quarter from $30.8 million last year, blowing by analyst estimates of $38.25 million. Earnings per share also roared past estimates of $0.97 and hit an astonishing $1.38 per share.

Now what: Seismic products were strong in the quarter, but management said marine and reservoir products are what really drove the surprise results. And even after growth like we saw this quarter, this Motley Fool Hidden Gems pick has plenty of room to move higher. I am buying the move today and think the company's history of crushing earnings estimates will reward shareholders in the long run.

Interested in more info on OYO Geospace? Add it to your watchlist.

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Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.

OYO Geospace is a Motley Fool Hidden Gems recommendation. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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