Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) Expected to Post Earnings of $0.08 Per Share

Brokerages expect Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) to announce earnings per share of $0.08 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Evolution Petroleum’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.07. Evolution Petroleum reported earnings per share of $0.12 in the same quarter last year, which suggests a negative year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, February 5th.

On average, analysts expect that Evolution Petroleum will report full year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.29 to $0.31. For the next year, analysts expect that the business will post earnings of $0.26 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Evolution Petroleum.

Evolution Petroleum (NASDAQ:EPM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $9.15 million for the quarter, compared to analyst estimates of $9.50 million.

Shares of Evolution Petroleum stock traded down $0.09 during trading on Tuesday, reaching $5.05. 5,249 shares of the company’s stock were exchanged, compared to its average volume of 139,367. Evolution Petroleum has a 1-year low of $5.01 and a 1-year high of $8.11. The firm’s 50-day moving average price is $5.43 and its 200 day moving average price is $5.72.

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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