EGY has Out Done Itself
Its always nice when your stock holdings surpass the expected highs. This can be a result of solid research and due diligence. Continues your great research, but for now, here is another stocks that really out did itself. Seth Jayson explains how and why this stock did so well.
Vaalco Energy chalked up revenue of $67.8 million. The one analyst polled by S&P Capital IQ predicted a top line of $44.6 million on the same basis. GAAP reported sales were 77% higher than the prior-year quarter’s $38.2 million.
For the quarter, gross margin was 83.4%, 30 basis points worse than the prior-year quarter. Operating margin was 57.4%, 880 basis points better than the prior-year quarter. Net margin was 12.9%, 1,040 basis points worse than the prior-year quarter.
Next quarter’s average estimate for revenue is $45.0 million. On the bottom line, the average EPS estimate is $0.16.
Next year’s average estimate for revenue is $203.7 million. The average EPS estimate is $0.83.
Watch EGY in the future. They obviously have the ability to step up their game in needed. If you follow the markets correctly, you may be able to predict their next big move and make some cash!
Quotes taken from report by Seth Jayson, Read the entire article here.
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