Kodiak Fuel Companies (KGS) got here out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.28 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 57.69%. 1 / 4 in the past, it was anticipated that this supplier of oil and gasoline infrastructure companies would publish earnings of $0.52 per share when it truly produced earnings of $0.23, delivering a shock of -55.77%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Kodiak Fuel
The sustainability of the inventory’s instant worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Kodiak Fuel shares have added about 61.8% for the reason that starting of the 12 months versus the S&P 500’s acquire of 21.2%.
What’s Subsequent for Kodiak Fuel?
Whereas Kodiak Fuel has outperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Kodiak Fuel: favorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #1 (Robust Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.28 on $326.42 million in revenues for the approaching quarter and $0.99 on $1.17 billion in revenues for the present fiscal 12 months.
Buyers must be conscious of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Oil and Fuel – Mechanical and and Gear is at the moment within the backside 41% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Pedevco Corp. (PED), one other inventory in the identical business, has but to report outcomes for the quarter ended September 2024.
This firm is predicted to publish quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Pedevco Corp.’s revenues are anticipated to be $8.81 million, up 20.2% from the year-ago quarter.
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Kodiak Gas Services, Inc. (KGS) : Free Stock Analysis Report
Pedevco Corp. (PED) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
