-$0.18 Earnings Per Share Expected for Pioneer Energy Services Corp. (NASDAQ:PESX) This Quarter

Analysts expect that Pioneer Energy Services Corp. (NASDAQ:PESX) will post earnings per share of ($0.18) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Pioneer Energy Services’ earnings, with estimates ranging from ($0.24) to ($0.09). Pioneer Energy Services posted earnings of ($0.07) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 157.1%. The company is expected to announce its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Pioneer Energy Services will report full year earnings of ($0.65) per share for the current fiscal year, with EPS estimates ranging from ($0.77) to ($0.48). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.50) per share, with EPS estimates ranging from ($0.59) to ($0.21). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Pioneer Energy Services.

Pioneer Energy Services (NASDAQ:PESX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.15) EPS for the quarter, meeting analysts’ consensus estimates of ($0.15). The business had revenue of $152.84 million during the quarter, compared to analyst estimates of $151.43 million.

Separately, Zacks Investment Research upgraded shares of Pioneer Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday.

NASDAQ PESX traded down $0.01 during trading on Friday, reaching $0.10. The company’s stock had a trading volume of 372,875 shares, compared to its average volume of 1,324,607. Pioneer Energy Services has a twelve month low of $0.06 and a twelve month high of $0.18.

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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Earnings History and Estimates for Pioneer Energy Services (NASDAQ:PESX)

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