Tesco Corporation (TESO) Scheduled to Post Quarterly Earnings on Tuesday
Tesco Corporation (NASDAQ:TESO) is scheduled to announce its Q3 2017 earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter.
Tesco Corporation (NASDAQ:TESO) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.01). Tesco Corporation had a negative return on equity of 18.21% and a negative net margin of 47.72%. The company had revenue of $40.10 million for the quarter, compared to analyst estimates of $41.01 million. During the same quarter in the prior year, the company earned ($0.39) earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. On average, analysts expect Tesco Corporation to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Tesco Corporation (NASDAQ TESO) opened at $4.00 on Friday. Tesco Corporation has a 12 month low of $3.60 and a 12 month high of $9.65.
Several research analysts have issued reports on TESO shares. FBR & Co set a $7.00 price objective on Tesco Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Cowen and Company set a $5.00 target price on Tesco Corporation and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded Tesco Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Seaport Global Securities restated a “neutral” rating on shares of Tesco Corporation in a research note on Wednesday, August 9th. Finally, ValuEngine lowered Tesco Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.00.
In other Tesco Corporation news, CEO Fernando Rafael Assing sold 9,293 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $3.80, for a total transaction of $35,313.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 16,640 shares of company stock valued at $63,232. Corporate insiders own 1.70% of the company’s stock.
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About Tesco Corporation
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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