Brokerages expect Pioneer Energy Services Corp. (NASDAQ:PESX) to announce earnings of ($0.23) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Pioneer Energy Services’ earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at ($0.17). Pioneer Energy Services reported earnings of ($0.17) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 35.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, March 3rd.
According to Zacks, analysts expect that Pioneer Energy Services will report full year earnings of ($0.89) per share for the current year, with EPS estimates ranging from ($0.96) to ($0.75). For the next fiscal year, analysts expect that the firm will post earnings of ($0.71) per share, with EPS estimates ranging from ($0.91) to ($0.50). Zacks’ EPS calculations are an average based on a survey of research analysts that cover Pioneer Energy Services.
Separately, Zacks Investment Research lowered Pioneer Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st.
About Pioneer Energy Services
Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.
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