Brokerages Expect Pioneer Energy Services Corp. (NASDAQ:PESX) Will Post Quarterly Sales of $133.43 Million
Wall Street analysts forecast that Pioneer Energy Services Corp. (NASDAQ:PESX) will announce sales of $133.43 million for the current quarter, Zacks reports. Three analysts have issued estimates for Pioneer Energy Services’ earnings, with the highest sales estimate coming in at $147.70 million and the lowest estimate coming in at $124.95 million. Pioneer Energy Services reported sales of $141.51 million in the same quarter last year, which indicates a negative year over year growth rate of 5.7%. The company is expected to issue its next earnings results on Tuesday, February 18th.
On average, analysts expect that Pioneer Energy Services will report full-year sales of $577.53 million for the current fiscal year, with estimates ranging from $570.76 million to $595.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $562.82 million, with estimates ranging from $521.10 million to $636.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Pioneer Energy Services.
Pioneer Energy Services (NASDAQ:PESX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.09). The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.21 million.
PESX stock traded up $0.00 during mid-day trading on Monday, reaching $0.03. 793,168 shares of the stock traded hands, compared to its average volume of 928,480. Pioneer Energy Services has a one year low of $0.03 and a one year high of $0.18. The company has a 50-day simple moving average of $0.05.
About Pioneer Energy Services
Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.
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