Good chance earnings will be down 50% from projected figures
Hope this unfortunate weather related failure is priced in now
Company needs more USA exposure so the Canadian thaw does not kill earnings in the future
Everyone have a great,safe weekend
This is from the WLL Quarterly Report and affects estimates you make for GSFVF earnings going forward:
"We currently have two full-time dedicated frac crews and one half-time frac crew working in the Williston Basin and believe they are capable of fracing
approximately 18 to 20 wells per month between now and year-end 2011"
US investors in Canadian equities are much weaker hands.
Canadian investors know their equities far better then their US counterparts. Subsequently I don't think that GFS's Q2 warning is nearly as well known in the US as in Canada. And there are lots of US holders of GFS.
One of the boards consistent posters didn't even know about Q2's warning. Not a good sign. CC will be critical.
from gfs.to where there are analyst estimates.
Revenue Est Current Qtr. Jun 11 Next Qtr. Sep 11
Avg. Estimate 42.30M 84.65M
Current Year Dec 11 Next Year Dec 12
Avg. Estimate 244.33M 495.03M
so as you see the current estimate is $12 million greater than the 1st quarter, which is probably a good estimate.
Others don't agree with you:
Earnings (per share)
Quarter Ending Sep-11 5 0.15 0.18 0.11 --
Quarter Ending Dec-11 5 0.23 0.30 0.13 --
Year Ending Dec-11 5 0.37 0.52 0.26 --
Year Ending Dec-12 5 1.17 1.43 1.02 --
LT Growth Rate (%) 1 25.00 25.00 25.00 --
For comparison from the Thomson Reuters
Last Reported 7/7/11
Quarter Ending Sep-10 ----------0.05
Quarter Ending Dec-10 ----------0.04
There's still time to bargain shop for GasFrac.
sales SHOULD BE UP SHARPLY THIS QUARTER but not as much as hoped due to the spring thaw. If they had six sets working for the entire month of June that is $30 million..just for June....got that from $60 million dollar figure they gave for annual on each set...figure that the shorts have been after this one and they smell that their party is over...running now before the attention turns to the third quarter...
Target Price History
High Target Price Estimate 17.00
Low Target Price Estimate 13.50
Mean Target Price Estimate 15.13
Standard Deviation 1.65
Date of Most Recent Estimate 6/15/2011
Consensus EPS Estimates Trend
Qtr (06/11) Qtr (09/11) FY (12/11) FY (12/12)
Current Estimate 0.02 0.14 0.33 1.10
7 Days Ago 0.02 0.14 0.33 1.10
30 Days Ago 0.03 0.15 0.37 1.17
60 Days Ago 0.03 0.16 0.43 1.16
90 Days Ago 0.03 0.16 0.44 1.16