FY2018 EPS Estimates for Geodrill Ltd (GEO) Lowered by Analyst
Geodrill Ltd (TSE:GEO) – Analysts at Beacon Securities cut their FY2018 earnings estimates for shares of Geodrill in a research report issued on Monday, November 12th. Beacon Securities analyst A. Shaath now anticipates that the company will post earnings per share of $0.00 for the year, down from their prior estimate of $0.16. Beacon Securities also issued estimates for Geodrill’s Q4 2018 earnings at $0.00 EPS and FY2019 earnings at $0.00 EPS.
A number of other brokerages have also recently commented on GEO. Cormark reduced their target price on shares of Geodrill from C$3.75 to C$2.75 in a report on Tuesday. TD Securities reduced their target price on shares of Geodrill from C$3.50 to C$2.75 in a report on Tuesday.
Geodrill (TSE:GEO) last released its quarterly earnings data on Monday, August 13th. The company reported C$0.06 earnings per share for the quarter, meeting the consensus estimate of C$0.06. The company had revenue of C$35.21 million for the quarter, compared to analysts’ expectations of C$32.29 million.
In other Geodrill news, insider Sustainable Capital Ltd bought 47,200 shares of Geodrill stock in a transaction on Monday, November 12th. The stock was acquired at an average cost of C$1.52 per share, with a total value of C$71,744.00.
Geodrill Company Profile
Geodrill Limited, together with its subsidiaries, provides exploration and development drilling services to various mining companies with exploration, development, and production operations in West Africa and the African copper belt. The company offers reverse circulation (RC), diamond core, air-core, directional, RC grade control, water bore, and underground drilling services.
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