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Can Basic Energy Services Beat These Numbers?

By Seth Jayson - Updated Apr 10, 2017 at 1:48PM

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Checking expectations

Basic Energy Services (NYSE: BAS) is expected to report Q1 earnings on April 24. 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 -16.7% and EPS will shrink to a loss.

The average estimate for revenue is $309.1 million. On the bottom line, the average EPS estimate is -$0.24.

Revenue details
Last quarter, Basic Energy Services booked revenue of $302.1 million. GAAP reported sales were 15% lower than the prior-year quarter's $354.4 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 -$0.27. GAAP EPS were -$0.49 for Q4 compared to $0.55 per share for the prior-year quarter.

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 30.5%, 870 basis points worse than the prior-year quarter. Operating margin was -1.2%, much worse than the prior-year quarter. Net margin was -6.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.33 billion. The average EPS estimate is -$0.22.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 317 members out of 337 rating the stock outperform, and 20 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Basic Energy Services a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Basic Energy Services is hold, with an average price target of $13.53.

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