Basic Energy Services (NYSE: BAS ) is expected to report Q2 earnings on July 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Basic Energy Services's revenues will wither -11.7% and EPS will shrink to a loss.
The average estimate for revenue is $319.3 million. On the bottom line, the average EPS estimate is -$0.10.
Last quarter, Basic Energy Services reported revenue of $304.4 million. GAAP reported sales were 18% lower than the prior-year quarter's $370.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.21. GAAP EPS were -$0.22 for Q1 against $0.47 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 30.7%, 530 basis points worse than the prior-year quarter. Operating margin was 0.5%, much worse than the prior-year quarter. Net margin was -2.9%, 820 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.30 billion. The average EPS estimate is -$0.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 318 members out of 338 rating the stock outperform, and 20 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Basic Energy Services a green thumbs-up, and seven 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 $16.77.
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