Investors braced for a bumpy ride ahead of Basic Energy Services'
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with nine analysts rating it as a buy and only one rating it as a sell. Analysts like Basic Energy Services better than competitor Helix Energy Solutions Group overall. Wall Street has warmed to the stock over the past three months, with analysts increasing their endorsement from Hold to Moderate buy.
- Revenue Forecasts: On average, analysts predict $289.4 million in revenue this quarter. That would represent a rise of 65.3% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.46 per share. Estimates range from $0.35-$0.51.
What our community says:
CAPS All Stars are solidly behind the stock with 94.9% giving it an "outperform" rating. The community at large agrees with the All Stars with 92% awarding it a rating of "outperform." Fools are gung-ho about Basic Energy Services and haven't been shy with their opinions lately, logging 113 posts in the past 30 days. Despite the majority sentiment in favor of Basic Energy Services, the stock has a middling CAPS rating of three out of five stars.
Basic Energy Services' income has fallen year over year by an average of 54.8%. The company raised its gross margin by 10.7 percentage points in the last quarter. Revenue rose 72.1% while cost of sales rose 47.2% to $156.1 million from a year earlier.
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