Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) Expected to Announce Quarterly Sales of $9.89 Million

Equities research analysts forecast that Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) will announce $9.89 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Evolution Petroleum’s earnings. The lowest sales estimate is $9.69 million and the highest is $10.10 million. Evolution Petroleum reported sales of $11.05 million in the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The business is expected to report 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 financial year, with estimates ranging from $39.03 million to $40.20 million. For the next financial year, analysts forecast that the company will report sales of $40.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Evolution Petroleum.

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

Shares of NASDAQ EPM opened at $5.23 on Monday. Evolution Petroleum has a 1 year low of $5.04 and a 1 year high of $8.49. The firm’s 50 day moving average price is $5.48 and its 200 day moving average price is $5.99.

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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