Basic Energy Services
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Basic Energy Services's revenues will decrease -1.3% and EPS will wane -65.2%.
The average estimate for revenue is $341.4 million. On the bottom line, the average EPS estimate is $0.23.
Revenue details
Last quarter, Basic Energy Services logged revenue of $361.5 million. GAAP reported sales were 22% higher than the prior-year quarter's $296.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.39. GAAP EPS of $0.36 for Q2 were 10% lower than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 35.5%, 210 basis points worse than the prior-year quarter. Operating margin was 10.6%, 380 basis points worse than the prior-year quarter. Net margin was 4.1%, 150 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.40 billion. The average EPS estimate is $1.23.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 320 members out of 343 rating the stock outperform, and 23 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Basic Energy Services a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Basic Energy Services is outperform, with an average price target of $19.04.
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