ION Geophysical (NYSE:IO) will post its quarterly earnings results after the market closes on Wednesday, May 5th. Analysts expect ION Geophysical to post earnings of ($0.61) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
ION Geophysical (NYSE:IO) last issued its quarterly earnings results on Wednesday, February 10th. The oil and gas company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.11. The business had revenue of $27.30 million for the quarter, compared to analysts’ expectations of $28.43 million. On average, analysts expect ION Geophysical to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
NYSE IO traded down $0.06 on Tuesday, reaching $2.12. The stock had a trading volume of 8,587 shares, compared to its average volume of 1,418,651. ION Geophysical has a 1 year low of $1.36 and a 1 year high of $5.35. The business has a 50 day moving average price of $2.38 and a 200 day moving average price of $2.46. The company has a market capitalization of $61.08 million, a price-to-earnings ratio of -0.77 and a beta of 4.12.
IO has been the subject of several research analyst reports. HC Wainwright boosted their price objective on ION Geophysical from $4.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, February 16th. Zacks Investment Research upgraded ION Geophysical from a “sell” rating to a “hold” rating in a research report on Tuesday, April 20th.
About ION Geophysical
ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide. The company operates through two segments, E&P Technology & Services and Operations Optimization. The E&P Technology & Services segment creates digital data assets and delivers services to help E&P companies improve decision-making and reduce risk.
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