Dawson Geophysical Co. (NASDAQ:DWSN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Dawson Geophysical Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.43% to $0.78 in the quarter versus EPS of $0.70 in the year-earlier quarter.
Revenue: Decreased 2.51% to $83.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dawson Geophysical Co. reported adjusted EPS income of $0.78 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $81.48 million.
Quoting Management: Stephen C. Jumper, President and CEO of Dawson Geophysical Company, said, “Steady demand for services, combined with improved efficiencies, fueled our strong second quarter and six month results. Exploration and production companies continue to utilize our services for numerous functions, ranging from conventional exploration for hydrocarbons to unconventional reservoir description to hydraulic fracture monitoring projects. Improved efficiencies are paying strong dividends as we are able to complete some projects ahead of schedule at reduced costs.”
Key Stats (on next page)…
Revenue increased 8.83% from $76.63 million in the previous quarter. EPS increased 116.67% from $0.36 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.41 to a profit $0.47. For the current year, the average estimate has moved up from a profit of $1.51 to a profit of $1.71 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)