Kodiak Gasoline Companies (KGS) got here out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.19 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of three.85%. 1 / 4 in the past, it was anticipated that this supplier of oil and gasoline infrastructure companies would submit earnings of $0.26 per share when it truly produced earnings of $0.41, delivering a shock of 57.69%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Kodiak Gasoline
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Kodiak Gasoline shares have misplaced about 2.4% for the reason that starting of the yr versus the S&P 500’s decline of -1.8%.
What’s Subsequent for Kodiak Gasoline?
Whereas Kodiak Gasoline has underperformed the market to this point this yr, the query that involves buyers’ 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 buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a powerful monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Kodiak Gasoline: favorable. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You may 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 yr change within the days forward. The present consensus EPS estimate is $0.39 on $332.78 million in revenues for the approaching quarter and $2.12 on $1.39 billion in revenues for the present fiscal yr.
Traders needs to be conscious of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Oil and Gasoline – Mechanical and and Gear is at present within the prime 17% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical trade, Pedevco Corp. (PED), has but to report outcomes for the quarter ended December 2024.
This firm is anticipated to submit quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of +120%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Pedevco Corp.’s revenues are anticipated to be $9.68 million, up 43.6% 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
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
