Secure Energy Services Inc reports results for the quarter ended in March - Earnings Summary

• Secure Energy Services Inc SES reported quarterly adjusted earnings of C$1.47​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of four analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 3 cents to 20 cents per share.

• Revenue fell 13.5% to C$360.00 million from a year ago; analysts expected C$340.15 million.

• Secure Energy Services Inc's reported EPS for the quarter was C$1.47​.

• The company reported quarterly net income of C$422 million.

• Secure Energy Services Inc shares had fallen by 0.7% this quarter and gained 17.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

Wall Street's median 12-month price target for Secure Energy Services Inc is C$13.00

This summary was machine generated from LSEG data April 25 at 05:21 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)