Equities Analysts Issue Forecasts for Strad Energy Services Ltd’s Q2 2019 Earnings (SDY)

Strad Energy Services Ltd (TSE:SDY) – Stock analysts at Cormark upped their Q2 2019 earnings estimates for Strad Energy Services in a report issued on Monday, May 13th. Cormark analyst B. Watson now anticipates that the company will post earnings per share of ($0.01) for the quarter, up from their prior forecast of ($0.03). Cormark also issued estimates for Strad Energy Services’ Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.08 EPS and FY2019 earnings at $0.14 EPS.

Strad Energy Services (TSE:SDY) last released its quarterly earnings results on Thursday, February 28th. The company reported C$0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.05. The company had revenue of C$32.30 million during the quarter, compared to the consensus estimate of C$33.00 million.

Separately, Raymond James increased their price target on shares of Strad Energy Services from C$2.50 to C$2.75 and gave the company an “outperform” rating in a report on Friday, May 10th.

Strad Energy Services stock opened at C$1.70 on Thursday. The stock has a market capitalization of $97.32 million and a price-to-earnings ratio of 100.00. The company has a current ratio of 1.86, a quick ratio of 1.82 and a debt-to-equity ratio of 17.25. Strad Energy Services has a twelve month low of C$1.13 and a twelve month high of C$1.75.

Strad Energy Services Company Profile

Strad Energy Services Ltd. provides rental equipment and matting solutions to the oil and gas, pipeline, power transmission, and mining sectors in Canada and the United States. The company operates in two segments, Industrial Matting and Equipment Rentals. It offers tank farms, BBL tanks, BBL single wall horizontal tanks, agitator and flare tanks, floc and premix tanks, potable water storage sheds, EcoPond composites, shale bins, pipe racks and tubs, and containment systems; generators and heaters; and centrifuges, mobile centrifuge dewatering units, and linear motion drying shakers.

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Earnings History and Estimates for Strad Energy Services (TSE:SDY)

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