SandRidge Energy Earnings: Here’s Why Investors are Buying Shares Now
SandRidge Energy, Inc. (NYSE:SD) had a loss 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. Shares are up 0.56%.
SandRidge Energy, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.00 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Rose 34.08% to $511.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SandRidge Energy, Inc. reported adjusted EPS of $0 per share. By that measure, the company beat the mean analyst estimate of $-0.06. It beat the average revenue estimate of $478.99 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 61.76% from $1.34 billion in the previous quarter. EPS decreased to $0.00 in the quarter versus EPS of $0.06 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 loss of $0.08 to a loss $0.05. For the current year, the average estimate has moved up from a loss of $0.29 to a loss of $0.19 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)