GeoResources, Inc. Second Quarter Earnings Sneak Peek

GeoResources, Inc. (NASDAQ:GEOI) will unveil its latest earnings on Tuesday, August 9, 2011. GeoResources, Inc. is an independent oil and gas company, which is engaged in the acquisition and development of oil and gas reserves.

GeoResources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 29 cents per share, a decline of 6.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 33 cents. Between one and three months ago, the average estimate moved down and dropped from 30 cents during the last month. For the year, analysts are projecting net income of $1.39 per share, a rise of 11.2% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 29 cents per share versus a mean estimate of net income of 29 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 7 cents.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

Wall St. Revenue Expectations: On average, analysts predict $27.8 million in revenue this quarter, a rise of 5.2% from the year ago quarter. Analysts are forecasting total revenue of $127 million for the year, a rise of 18.7% from last year’s revenue of $107 million.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 3.9% while it rose more than twofold in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 10.8% to $27.6 million in first quarter. The figure rose 6.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 30.3% in the third quarter of the last fiscal year from the year-ago quarter and 41.3% in the second quarter of the last fiscal year.

Competitors to Watch: Resolute Energy Corp (NYSE:REN), Brigham Exploration Co. (NASDAQ:BEXP), QEP Resources, Inc. (NYSE:QEP), Continental Resources, Inc. (NYSE:CLR), Oasis Petroleum Inc. (NYSE:OAS), Encore Energy Partners LP (NYSE:ENP), Warren Resources, Inc. (NASDAQ:WRES), Devon Energy Corporation (NYSE:DVN), Double Eagle Petroleum Co. (NASDAQ:DBLE).

Stock Price Performance: During June 7, 2011 to August 3, 2011, the stock price had risen $2.66 (12.3%) from $21.57 to $24.23. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight-straight days, rising 27.6% (+$5.55) over that span. It saw one of its worst periods between March 3, 2011 and March 15, 2011 when shares fell for nine-straight days, falling 24.4% (-$7.93) over that span. Shares are up $2.02 (+9.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>