Basic Energy Services Earnings Preview: Get Ahead of the Analysts

Basic Energy Services (NYSE:BAS) will report earnings after markets close on Wednesday, April 24th. Basic Energy Services, Inc. provides well site services to oil and gas drilling and producing companies. The Company operates well maintenance, workover, and fluid handling services through a fleet of well servicing rigs and fluid service trucks and equipment.

Here is your Cheat Sheet to Basic Energy Services Earnings:

Earnings Expectations: Analysts expect earnings of $-0.22 per share on revenues of $310.18 million. Currently, the company’s P/E ratio stands at 24.08.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.02 to a loss $0.07. For the current year, the average estimate is a loss of $0.18, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Basic Energy Services has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,005 526.63 728.24 1,243 1,375
Diluted EPS ($) 1.64 -6.39 -1.10 1.14 0.51

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 354.36 370.90 361.52 340.40 302.07
Diluted EPS ($) 0.56 0.47 0.36 0.16 -0.48

Past Performance:
Basic Energy Services has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)