Pure Fuel Companies (NGS) got here out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.18 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 73.91%. 1 / 4 in the past, it was anticipated that this maker of pure fuel compression gear and industrial flare programs would publish earnings of $0.29 per share when it really produced earnings of $0.34, delivering a shock of 17.24%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Pure Fuel Companies
The sustainability of the inventory’s fast worth motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Pure Fuel Companies shares have added about 49.9% for the reason that starting of the 12 months versus the S&P 500’s acquire of 25.5%.
What’s Subsequent for Pure Fuel Companies?
Whereas Pure Fuel Companies has outperformed the market to date this 12 months, 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 embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Pure Fuel Companies: combined. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably 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 $0.26 on $39.36 million in revenues for the approaching quarter and $1.23 on $152.68 million in revenues for the present fiscal 12 months.
Buyers must be aware of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Oil and Fuel – Mechanical and and Tools is presently within the backside 33% 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 different inventory from the broader Zacks Oils-Power sector, REX (REX), is but to report outcomes for the quarter ended October 2024.
This ethanol producer is anticipated to publish quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of -51.7%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
REX’s revenues are anticipated to be $159 million, down 28.1% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
