Zacks: Analysts Anticipate Goodrich Petroleum Corporation (NASDAQ:GDP) to Announce $0.28 Earnings Per Share
Wall Street analysts expect Goodrich Petroleum Corporation (NASDAQ:GDP) to report earnings of $0.28 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Goodrich Petroleum’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.45. Goodrich Petroleum reported earnings of $0.58 per share in the same quarter last year, which suggests a negative year over year growth rate of 51.7%. The business is expected to issue its next quarterly earnings report on Tuesday, March 3rd.
According to Zacks, analysts expect that Goodrich Petroleum will report full-year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.94. For the next financial year, analysts forecast that the firm will report earnings of $0.85 per share, with EPS estimates ranging from $0.61 to $1.14. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Goodrich Petroleum.
Goodrich Petroleum (NASDAQ:GDP) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.18). The firm had revenue of $27.17 million during the quarter, compared to analysts’ expectations of $33.55 million.
Shares of GDP stock traded down $0.05 during trading hours on Friday, reaching $8.51. 15 shares of the company traded hands, compared to its average volume of 9,405. Goodrich Petroleum has a 12-month low of $8.33 and a 12-month high of $15.24. The stock’s 50-day moving average price is $9.70.
About Goodrich Petroleum
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas.
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