Zacks: Brokerages Expect Vertex Energy (VTNR) Will Post Earnings of -$0.06 Per Share

Equities research analysts forecast that Vertex Energy (NASDAQ:VTNR) will announce ($0.06) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Vertex Energy’s earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.04). Vertex Energy reported earnings per share of ($0.12) during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The firm is scheduled to announce its next earnings results on Wednesday, May 9th.

On average, analysts expect that Vertex Energy will report full year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.13). Zacks’ earnings per share averages are an average based on a survey of analysts that follow Vertex Energy.

How to Become a New Pot Stock Millionaire

Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings results on Wednesday, March 7th. The industrial products company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. Vertex Energy had a negative return on equity of 26.89% and a negative net margin of 5.80%. The firm had revenue of $41.35 million for the quarter, compared to analysts’ expectations of $34.97 million.

Several equities research analysts have recently weighed in on the company. ValuEngine upgraded Vertex Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded Vertex Energy from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research report on Wednesday, March 14th.

Shares of VTNR opened at $1.07 on Friday. Vertex Energy has a twelve month low of $0.65 and a twelve month high of $1.50. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 0.48.

WARNING: “Zacks: Brokerages Expect Vertex Energy (VTNR) Will Post Earnings of -$0.06 Per Share” was originally published by Week Herald and is the property of of Week Herald. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://weekherald.com/2018/04/17/zacks-brokerages-expect-vertex-energy-vtnr-will-post-earnings-of-0-06-per-share.html.

Vertex Energy Company Profile

Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in 13 states, primarily in the Gulf Coast and Central Midwest Region of the United States. It operates in three divisions: Black Oil, Refining and Marketing, and Recovery.

Get a free copy of the Zacks research report on Vertex Energy (VTNR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vertex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertex Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply