Geokinetics (GOK) is looking to beat analyst expectations once again when it reports next week. Estimates are rising and shares are doing fantastic.

Company Description

Geokinetics provides seismic data and related services to oil and gas companies. The company has a strong footprint in North America, but also targets several international markets.

Revenue Up 28%

On Aug 6 Geokinetics announced its second quarter results that included a 28% jump in revenue to $145 million. Additionally, the company reported a strong backlog with roughly $318 million.

Earnings per share came in at 12 cents, crushing estimates that averaged a 7 cent loss. The next earnings report is due out on Nov 5 after the market closes.

Bullish revisions

Full-year estimates jumped following the report. The Zacks Consensus Estimate for this year is now 42 cents, up from 34 cents over the past 90 days. Next year’s estimates are averaging 46 cents, rising 6 cents in the same time period.

Last year the company posted a loss of 51 cents. That skews the growth rate for this year to 182%. Next year’s rate is 11%.

The Chart

Shares of GOK have been on fire for the past 6 months. The stock is up over 250%, crushing the S&P 500.

Zacks Investment Research
View original at: Zacks.com News Feed

1. (BIG) Big Lots, Inc. – 10 of 12 Analysts Raise EstimatesBig Lots, Inc. (BIG) recently surprised on estimates for the third consecutive quarter even as...
2. (GYMB) Analysts Raise Gymboree CorporationGymboree Corp/ (GYMB) drastically raised its earnings guidance for the second quarter. On Aug 19th...
3. ($LFT) Longtop Financial Tech. – all 4 analysts providing estimates for 2010 raise their forecastsLongtop Financial Technologies, Ltd (LFT) topped analyst estimates and investors continue to flock to Chinese...
4. (GOK) Geokinetics, Inc. – Aggressive Growth – Zacks Rank BuyGeokinetics, Inc. (GOK) has piqued investors’ attention following its latest earnings report. Company Description Geokinetics...
5. (ME) – Mariner Energy – Analysts are even more bullish for the full year, as consensus estimates climbed 16%Mariner Energy is taking advantage of record crude prices by posting record production numbers which...
6. (UNF) – UniFirst Corp – Analysts Raise Estimates for the Fourth QuarterUniFirst reported a record third quarter as the uniform manufacturing and laundry business remains hot....

Search Posts by Tag: Geokinetics Inc. | GOK | Basic Materials | Oil and Gas Equipment and Services

RSS Feeds by Tag: Geokinetics Inc. | GOK | Basic Materials | Oil and Gas Equipment and Services |

Other Posts by: vitalstocks | RSS Feed for this author