-$0.18 EPS Expected for Pioneer Energy Services Corp. (NASDAQ:PESX) This Quarter

Wall Street analysts expect that Pioneer Energy Services Corp. (NASDAQ:PESX) will announce ($0.18) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Pioneer Energy Services’ earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.24). Pioneer Energy Services reported earnings per share of ($0.07) in the same quarter last year, which would suggest a negative year over year growth rate of 157.1%. The company is expected to announce its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Pioneer Energy Services will report full-year earnings of ($0.65) per share for the current financial year, with EPS estimates ranging from ($0.77) to ($0.48). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.50) per share, with EPS estimates ranging from ($0.59) to ($0.21). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Pioneer Energy Services.

Pioneer Energy Services (NASDAQ:PESX) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.15) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.15). The business had revenue of $152.84 million during the quarter, compared to analysts’ expectations of $151.43 million.

Separately, Zacks Investment Research upgraded shares of Pioneer Energy Services from a “sell” rating to a “hold” rating in a report on Thursday.

Shares of PESX traded down $0.01 during midday trading on Friday, reaching $0.10. The stock had a trading volume of 372,875 shares, compared to its average volume of 1,324,607. Pioneer Energy Services has a 1-year low of $0.06 and a 1-year high of $0.18.

Pioneer Energy Services Company Profile

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.

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Earnings History and Estimates for Pioneer Energy Services (NASDAQ:PESX)

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