Strad Energy Services Ltd (SDY) to Post Q1 2020 Earnings of $0.12 Per Share, Cormark Forecasts
Strad Energy Services Ltd (TSE:SDY) – Cormark dropped their Q1 2020 earnings per share (EPS) estimates for shares of Strad Energy Services in a research report issued to clients and investors on Monday, May 13th. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their previous forecast of $0.15. Cormark also issued estimates for Strad Energy Services’ Q2 2020 earnings at $0.03 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.14 EPS and FY2020 earnings at $0.37 EPS.
Strad Energy Services (TSE:SDY) last posted its quarterly earnings data on Thursday, February 28th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.05. The business had revenue of C$32.30 million for the quarter, compared to the consensus estimate of C$33.00 million.
TSE:SDY opened at C$1.71 on Wednesday. Strad Energy Services has a one year low of C$1.13 and a one year high of C$1.75. The company has a debt-to-equity ratio of 10.31, a quick ratio of 1.89 and a current ratio of 2.12. The stock has a market cap of $97.32 million and a P/E ratio of -85.50.
About Strad Energy Services
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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