Key Energy Services Earnings: What Investors Should Watch

Key Energy Services (NYSE:KEG) will report earnings after markets close on Thursday, July 25th. Key Energy Services, Inc. provides onshore, rig-based well services, including well maintenance, workover, completion and re-completion, and plugging and abandonment. The Company also provides oilfield trucking and ancillary oilfield services. In addition, Key Energy Services contracts for onshore drilling operations and produces and develops oil and natural gas reserves.

Here is your Cheat Sheet to Key Energy Services Earnings:

Earnings Expectations: Analysts expect earnings of $0.01 per share on revenues of $424.69 million. Currently, the company’s P/E ratio stands at 290.43.

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 profit of $0.16 to a profit $0.07. For the current year, the average estimate is a profit of $0.16, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,972 1,079 1,154 1,847 1,960
Diluted EPS ($) 0.67 -1.29 0.57 0.69 0.05

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

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 516.00 490.85 466.47 428.45
Diluted EPS ($) 0.19 -0.25 0.09 0.00

Past Performance:
Key Energy Services has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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