Abraxas Petroleum (AXAS) got here out with quarterly earnings of $0.02 per share, lacking the Zacks
Abraxas Petroleum (AXAS) got here out with quarterly earnings of $0.02 per share, lacking the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.05 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -50%. 1 / 4 in the past, it was anticipated that this power firm would publish earnings of $0.04 per share when it truly produced earnings of $0.02, delivering a shock of -50%.
Over the past 4 quarters, the corporate has not been capable of surpass consensus EPS estimates.
Abraxas, which belongs to the Zacks Oil and Fuel – Exploration and Manufacturing – United States business, posted revenues of $31.54 million for the quarter ended September 2019, lacking the Zacks Consensus Estimate by 7.65%. This compares to year-ago revenues of $41.63 million. The corporate has topped consensus income estimates thrice over the past 4 quarters.
The sustainability of the inventory’s rapid value…