$9.89 Million in Sales Expected for Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) This Quarter

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Brokerages expect Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) to report $9.89 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Evolution Petroleum’s earnings, with estimates ranging from $9.69 million to $10.10 million. Evolution Petroleum posted sales of $11.05 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.5%. The business is expected to announce its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that Evolution Petroleum will report full year sales of $39.62 million for the current fiscal year, with estimates ranging from $39.03 million to $40.20 million. For the next year, analysts forecast that the firm will report sales of $40.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Evolution Petroleum.

Evolution Petroleum (NASDAQ:EPM) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The firm had revenue of $10.37 million for the quarter, compared to analysts’ expectations of $10.39 million.

Evolution Petroleum stock traded down $0.17 during trading hours on Friday, hitting $5.21. 43,076 shares of the stock traded hands, compared to its average volume of 140,461. The firm’s 50 day moving average price is $5.51 and its 200-day moving average price is $6.05. Evolution Petroleum has a 1 year low of $5.04 and a 1 year high of $9.14.

About Evolution Petroleum

Evolution Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's principal assets include interests in a CO2 enhanced oil recovery project and the natural gas liquids recovery plant in the Delhi field Louisiana.

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